Kleiner Perkins Caufield & Byers Leads Second-Round Investment in Disappearing Inc

Kleiner Perkins Caufield & Byers Leads Second-Round Investment in Disappearing Inc

Business Editors & High-Tech Writers


Disappearing Email makes unwanted messages vanish; former Netscape

CTO Eric Hahn joins Board of Directors

Disappearing Inc., a leading developer of email policy systems, announced today that the company has closed a significant second round of funding led by Kleiner Perkins Caufield & Byers (KPCB), the technology industry’s foremost venture capital firm.

“With its unique ability to make messages expire, Disappearing Inc. is defining a new market for email policy systems and secure communications,” said Doug MacKenzie, the KCPB General Partner joining the Disappearing Inc. Board of Directors. “Companies that need to implement corporate email policies now have tools to do so with Disappearing Email(TM).”

Disappearing Inc.’s flagship offering, Disappearing Email, protects messages while they are in use–then deletes all copies according to the sender’s chosen email policy. Unlike other solutions, Disappearing Email works in standard email clients and requires no change to the way users read, write, or send their messages.

Eric Hahn, former Chief Technical Officer at Netscape and founder of Collabra Software, will also join Disappearing Inc.’s Board of Directors. “The risks associated with a large, unmanaged email corpus have become strikingly evident in recent years,” Hahn said. “My own experiences at Netscape during the Microsoft DOJ actions first made me aware of the impending crises in email usage. I am convinced that Disappearing Inc.’s scalable email policy systems will become mandatory additions to every large enterprise’s communications infrastructure.”

“For email users who are concerned about the confidentiality of their messages, Disappearing Inc. provides a new dimension to private communications,” said Robert Todd, partner with Red Rock Ventures, and Disappearing Inc.’s first venture investor. “But in contrast to other security offerings, Disappearing Email works transparently inside users’ standard mail clients such as Microsoft Outlook(R).”

By preventing unintended disclosure of email messages, Disappearing Email makes companies more productive. “You can’t use traditional email systems to brainstorm different options, argue about hard choices, or discuss sensitive topics without serious legal risk,” said Maclen Marvit, CEO of Disappearing Inc. “Our system eliminates that risk by allowing companies and individuals to track and delete the messages they send.”

About Kleiner Perkins Caufield & Byers

Formed in 1972 by Eugene Kleiner and Tom Perkins, Kleiner Perkins was created with the goal of providing entrepreneurs with value-added resources as well as capital investments. The Kleiner Perkins partnerships have sponsored some of the U.S.’s most innovative and rapidly growing new ventures. These businesses have created more than 190,000 jobs, more than $100 billion in revenue and more than $180 billion in market capitalization. Representative investments include: @Home Network, Amazon.com, America Online, CBS SportsLine and Netscape Communications. Information about KPCB is available on the Web at www.kpcb.com.

About Red Rock Ventures

Red Rock Ventures is an early-stage venture capital firm focused on business-to-business E-commerce and Internet software. Founded in 1997 in Palo Alto, California, Red Rock has $130 million under management. For further corporate information, visit Red Rock’s World Wide Web site at www.redrockventures.com. For press information, contact Diboll & Associates at 415/351-2043.

About Eric Hahn

Mr. Hahn is the founding partner of the Inventures Group, a leading “mentor investment” firm based in Palo Alto, California. At Inventures, Mr. Hahn has served as a Director and/or has been actively involved with companies including Accept.Com, Kana, Red Hat, LoudCloud and RemarQ. Previously, Mr. Hahn served as the CTO for Netscape Communications, Inc. and a member of the company’s Executive Committee. Mr. Hahn was the founder and CEO of Collabra Software, Inc., a leading groupware provider that was acquired by Netscape in 1995. Prior to Collabra, Mr. Hahn ran the cc:Mail division of Lotus Development Corporation. Mr. Hahn began his career at Bolt, Beranek and Newman where he worked on the Arpanet, precursor to the Internet. Mr. Hahn holds a BS and honorary PhD in Computer Science from the Worcester Polytechnic Institute.

About Disappearing Inc.

Disappearing Inc. is a privately held company founded in February 1999. Disappearing Email, the flagship offering from Disappearing Inc., works with any email system to encrypt, authenticate, track, and delete messages, including those stored on back-up tapes or forwarded to third parties. In addition to funding from Kleiner Perkins, the company has received investments from Angel Investors LLP; Compaq Computer’s chairman Ben Rosen; Inventures Group’s founding partner Eric Hahn, and Red Rock Ventures. For more information, please contact Disappearing Inc. at 415/896-5000; or via email at info@disappearing.com; or via the World Wide Web at www.disappearing.com.

The Disappearing Inc. logo and Disappearing Email are trademarks of Disappearing Inc. All other trademarks mentioned herein are the property of their respective owners.

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