The company provides a combined software and hardware offering that covers the SCM spectrum.

"It's not just about spam anymore the problem is much wider than that," Jones said.

"Not all messaging security threats are inbound. Solutions need to cover outbound threats also to cover compliance, intellectual property and theft of confidential information."

Jones estimates 80 percent of corporate IP leakage is through e-mail and points out that e-mail is involved in 85 percent of corporate litigation. So who are the players in this market? The top five SCM software providers are Symantec, McAfee, Trend Micro, Sophos and Websense while the top appliance providers include CipherTrust, IronPort and SonicWall. For hosted services, the biggest players include MessageLabs, Postini and FrontBridge.

Then there are the Web filtering providers such as SurfControl, Clearswift and Computer Associates. It is a highly competitive market.