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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