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Akonix Systems – Profile

June 22, 2005

akonix logo.gif
HQ: San Diego, CA
Founded: 2000
Management: CEO Pete Shaw previously was CEO of Megatek, AGE Logic, and Sitematic – all three of which were acquired. He is also a Venture Partner for Windward Ventures.
Investors: In June 2005, General Motors Asset Management led a $12M Series C round of investment with current investors Menlo Ventures, Mission Ventures, Palomar Ventures and Windward Ventures. The company has raised $33M to date.
Business Model: For the past few years, instant messaging has been a dirty secret in the cubicles. Everybody has an IM account that they use with their friends and many have found good use for it on the job. But IM never had the sanction of IT departments. Now it’s getting ugly. Sarbanes-Oxley is forcing IT departments to back up IM chats, SPIM (IM Spam) is taking root as IM phishing, IM spyware, IM adware and every other sort of malware. Akonix has perhaps the best rated software answer to these problems. The company charges about $4K per server.
Competitors: FaceTime Communications’ IM Auditor, IM-Age Software’s IM Policy Manager and IMlogic’s IM Manager.
Dirt: What the heck are they doing at Symantec and McAfee? A number of startups have built significant businesses in anti-spyware while the incumbents dithered. Now companies like Akonix are moving on up in IM security. It doesn’t make a lot of sense to have an IPO for a company like Akonix that does a sliver of the overall security business, so someone is going to have to pony up and pay through the nose to acquire Akonix.

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2 Comments leave one →
  1. June 23, 2006 3:02 am

    Edmonton dominated the Carolina Hurricanes on Saturday night and the 4-0 margin in Game 6 makes it hard to imagine the Oilers not hoisting hockey’s Holy Grail above their heads in less than 48 hours. And it would not come as any shock to see defenseman Chris Pronger, who had another 31-minute night, take the honors for the Conn Smythe Trophy as the playoff MVP.

  2. June 23, 2006 10:41 pm

    Edmonton dominated the Carolina Hurricanes on Saturday night and the 4-0 margin in Game 6 makes it hard to imagine the Oilers not hoisting hockey’s Holy Grail above their heads in less than 48 hours. And it would not come as any shock to see defenseman Chris Pronger, who had another 31-minute night, take the honors for the Conn Smythe Trophy as the playoff MVP.

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