Late last year, iGambit, Inc. (OTCQB: IGMB) threw down the gauntlet to computer hackers and crackers with its acquisition of ArcMail Technology, a leading provider of email management solutions. In November 2015, iGambit, a diversified holding company, announced it had acquired Wala, Inc. doing business as ArcMail Technology (ArcMail) by executing a stock purchase agreement. ArcMail is now a wholly owned subsidiary of iGambit.
Since the prehistoric times of the early 1970s, when Ray Tomlinson first thought of using the “@” (“at” symbol) in electronic messages, email has moved from the esoteric world of the ARPANET into the lives of billions. It has been said to be ‘the most important application of the Internet and the most widely used facility’ (http://dtn.fm/x3ARg).
There is no doubt that email has become a staple of our personal lives, and the same is true of business. Email has replaced paper memos as the preferred form of written communication in companies. It is a fast, inexpensive, versatile medium. Email is used to convey all manner of business correspondence, whether between two adjacent offices in the same building or to ones separated by thousands of miles on different continents.
A 2013 survey by Osterman Research (http://dtn.fm/C9q47) found a high percentage of corporate employees use email on a daily basis. The median of employees of the 139 companies examined in the survey was 1,000. That is, roughly half of the companies in the sample had more than 1,000 employees. The median of email users was 650, indicating that, on average, 65 percent of corporate staff use email every day to get their jobs done. On average, 165 messages are sent and 309 received.
The proliferation of email is posing new challenges and risks to both individuals and companies. Email hacking has cost some enterprises dearly. Most recently, on September 22, 2016, Yahoo (NASDAQ: YHOO) announced in a press release, ‘that information associated with at least 500 million user accounts’ had been stolen (http://dtn.fm/tA4Un). The information which ‘may have included names, email addresses, telephone numbers, dates of birth, hashed passwords… and, in some cases, encrypted or unencrypted security questions and answers’ had been compromised since, at least, late 2014. However, it appears that Yahoo only ‘recently’ discovered the incursion.
The Yahoo breach has been widely publicized, but it is not an anomaly. Corporate America has been experiencing similar assaults for many years. As Rory Welch, CEO of ArcMail, lamented in a CIO Review article, “Far too many businesses do not consider email security as an imperative issue until it suddenly puts the reputation of the business at stake.”
Email security is one of the issues addressed by ArcMail’s flagship product, ArcMail Defender. ArcMail Defender is an email archiving hardware solution that enhances compliance systems, provides support in litigation, increases storage management, curates institutional knowledge and augments defenses against malevolent actors. Defender provides the speed and storage necessary to handle the ever-increasing volume and variety of email and other electronic data sources demanded by regulators.
“With Defender, business-critical data stays exactly where it should—behind a strong firewall and safe from corruption by outside sources,” explains Welch.
In April 2016, ArcMail was named one of the ‘20 Most Promising Enterprise Security Companies 2016’ (http://dtn.fm/Y2uLC) by a distinguished panel comprised of CEOs, CIOs, VCs, analysts and the CIO Review editorial board.
Defender is considered the best email archiving solution for organizations with anywhere from five to over 5,000 mailboxes across a broad section of industries. Currently, major organizations employing the ArcMail Defender include the State of New York Metropolitan Transportation Authority, St. Louis Public Schools and the Canadian Parliament.
iGambit, a fully reporting publicly held company, has set out to acquire early-stage technology companies with a strong growth potential that can be easily recognized in the public arena. The company provides board experience and capital to scale up its acquisitions.
For more information, visit the company’s website at www.iGambit.com
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