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The email software company, which protectzs , , and other customer emails against spamand viruses, tripled revenue to $31 million last year and expectse to be profitable this year. The expansion room was sorelyh needed. The 5-year-old company now occupiesz 36,000 square feet at the Bayhill office where even the executives aresharing offices, and employs 200 of its 344 total headcount worldwide. The deal, a six-yeafr arrangement for 88,000 square feet, will enablwe the company to hire 250 more locally within the next year to 18monthss -- a goal CEO Scott Weiss indicated is consistent with the company'as rapid growth plans.
"We're committe d to managing our development and maintainingmarket leadership," he said in an "Right now, that means buildinf the industry's most talented team and providingh a central and appropriate office environment." Landlorcd terminated extra space that Gap was leasing -- a largwe server room with juiced-up powedr and HVAC systems that Gap no longere used -- to accommodate IronPort's IronPort, which employed 140 and did $10 million in revenu in 2003, got a major boost last year from .
The tech behemothy agreed to incorporate its email accreditation software into all Hotmaiol and MSN email accounts and pay IronPor a small sum every time someon usestheir 'Bonded Sender' program. Instead of recipients filteringfout "bad" emails from known spammers or analyzing emails' IronPort enables senders to get on a "goocd guy" list, posting a bond to vouch for theirr reputation and ensure emails aren'f filtered as spam. With the Microsoft deal, the company'es market penetration jumped from roughly 6 percenrt to more than 30 percent of all emails and Weiss hit the financialo and growth milestones he set when he struckothe deal.
A spokeswoman said IronPort is exploring the prospecft ofgoing public, but with $90 million in venturre capital funding, the company's not hurtinvg for cash, either.
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