Processing .....please wait.. 
The article has been forwarded.... 
Sendio raises $3 Million in series B funding
By siliconindia
Irvine: Sendio, an e-mail security company with solutions that incorporate the human element to eliminate spam and e-mail threats in the enterprise environment, has secured $3 million in series B funding from lead investor Athenian Venture Partners, along with previous institutional investors Vicente Capital Partners, Shepherd Ventures and Momentum Venture Management.
In addition, Athenian Venture Partners' Senior Partner Francois Helou joined Sendio's Board of Directors. The capital investment will help fund the expansion of the company's sales and marketing initiatives for its E-mail Security Platform (ESP), a robust and scalable appliance solution for the enterprise which entirely eliminates spam and e-mail threats, enabling dramatic time savings for users and IT administrators.
This series B investment despite the challenging economic environment, reaffirms the increasing demand for enterprise security solutions that protect organizations from data breaches, viruses, botnets and other threats, claimed a press release. According to a recent Dow Jones VentureSource report, Southern California's fourth quarter venture capital numbers dropped for the first time since 2003, down more than 18 percent annually.
However, Southern California's IT industry actually experienced an increase in investments, bucking the national economic trend. The growth of Sendio's sales and marketing efforts will also significantly expand their customer reach, particularly in vertical markets and via the company's channel partners, and continue to build strong shareholder value.
"We believe that we are way ahead of the curve in terms of anti-spam technologies, and also that given the current state of our economy, even more vicious spam and virus attacks will take place as spammers try to take advantage of the situation," said Kevin Bowyer, CEO of Sendio.
