MX Logic Celebrates Two-Year Anniversary With Industry And Customer Milestones

May 07, 2004 (PRLEAP.COM) Technology News
Denver — MX Logic, Inc., a leading provider of innovative email defense solutions that ensure email protection and security for enterprises, service providers, government organizations, resellers and their customers, commemorated its two-year anniversary by reporting several milestones the company has achieved since its launch in April 2002. In its two-year history, MX Logic has become one of the foremost emerging companies in the fast-moving email defense industry as a result of its industry-leading product suite, continued technological innovation and rapidly growing customer base.

In the last year alone, the company's customer base has increased 1,288 percent. Today, MX Logic serves more than 1,700 enterprise, service provider and telecommunications customers, including Hyundai Motor America, The Sports Authority, YMCA and ProLogis.

In addition, the company's revenue has increased 914 percent in the last year.

With MX Logic's comprehensive, email defense solutions, businesses of all sizes are protected against spam, viruses, worms, unwanted content and other email threats. In early 2004, MX Logic became the only email defense company to offer both a managed service and a turnkey, carrier-grade software solution for service providers. Both solutions leverage MX Logic's unique Stacked Classification FrameworkSM to achieve industry-leading performance in spam sensitivity and false-positive prevention. These solutions also leverage the company's technological innovation in features such as spam beacon blocking, sophisticated quarantine conditioning, corporate-level quarantine reporting and URL filtering.

Powering MX Logic's Email Defense Service is MX Logic's Threat Center, a sophisticated streaming data environment where MX Logic monitors the global state of email communication, 24 hours a day, seven days a week, and provides MX Logic's customers with real-time updates and protection. Led by email security experts with extensive experience in protecting messaging networks, the Threat Center provides dynamic email defense staying far ahead of the next attack by continually incorporating information about the very latest spammer, virus and worm tactics.

"The success of our product line and our momentum in the market provide validation that we are fulfilling our mission of setting a new standard for email defense," said John Street, CEO of MX Logic. "We are leading the way in areas of technical innovation and research, and we embrace a leadership role in the industry. The team we have assembled at MX Logic comprises the best and the brightest in the fields of messaging, security and customer service, and these remarkable people have been the key to our success on so many fronts over the past two years."

Street continued, "The coming year will be a pivotal one for the email defense industry, and MX Logic is positioned for continued success in helping our growing roster of customers protect their messaging systems from rapidly evolving spammer and worm author tactics. As these threats increase in volume and sophistication, MX Logic's superior technology and the unmatched experience of our technical team become even greater competitive advantages for us in the marketplace."

MX Logic Corporate and Industry Milestones
In the past year, MX Logic has achieved the following industry milestones:

February 2003
*Introduces the patent-pending Stacked Classification FrameworkSM,
which leverages the first managed service provider Bayesian
classifier

March 2003
*Becomes the first managed service provider to offer spam beacon
("Web bug") blocking

July 2003
*Becomes the first managed service provider to offer quarantine
management via email digests and reports

August to September 2003
*Blocks more than 70 million instances of the SoBig.F virus
*Services become available to government agencies through GSA

October 2003
*Announces $5.5 million in financing round from industry-leading
investors, including Adams Street Partners
*Edwin Harper, former board member and chairman of Network
Associates, joins MX Logic's board of directors

January 2004
*Becomes the first email defense provider to offer corporate-level
quarantine release reports that help reduce inappropriate email and
decrease corporate liability
*Blocks MyDoom within minutes after its initial propagation and two
hours before virus engines release their patches
*Blocks more than 25 million instances of MyDoom in the outbreak's
first week

March 2004
*Announces the first solution managed service platform for service
providers that allows carriers, ISPs, wireless operators and Web
hosts the opportunity to turn their email threat cost center into a
profit center
*Releases ClickProtect, the industry's first solution for tracking click-
throughs from email to the Web, enabling increased corporate
control and security

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Matt Otepka
GroundFloor Media for MX Logic
motepka@groundfloormedia.com
720-318-6502

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