SOURCE: Red Condor Inc.

November 19, 2008 13:57 ET

Red Condor Names Dr. Thomas Steding as Chief Executive Officer

ROHNERT PARK, CA--(Marketwire - November 19, 2008) - Red Condor, a leading provider of fully managed email security solutions, today announced the appointment of Dr. Thomas Steding as President and Chief Executive Officer. Dr. Steding brings nearly four decades of technology industry experience to Red Condor, including serving as CEO of eight high-tech companies and active Chairman of several others.

Dr. Steding brings extensive experience in the security industry, having been founding CEO of Pretty Good Privacy, Inc., an Internet encryption company, and CEO of RedCreek Communications, a virtual private network company. Overall, Dr. Steding's leadership has resulted in nearly $100 million in committed venture capital and more than half a billion dollars in capital transactions.

"We are fortunate to have Tom join Red Condor, bringing his many years of extensive executive experience and proven ability to grow high-tech companies," said Mike Hodges, Red Condor Chairman. "Tom has a firm understanding of what it takes to move young, innovative companies to the next level. We look forward to his leadership and strategic direction as we continue to develop our cutting-edge technology and distinctive approach to email security, and build upon the momentum we have generated over the past several years with small and medium businesses and ISPs."

"There are a number of copycat products and services in the email security and anti-spam space, which leverage the same filters and engines as their competitors; the only main difference being the logo on the invoice," stated Steding. "Red Condor provides world class performance and resiliency at 50% to 60% less cost than traditional, incumbent anti-spam companies. Among customers and during third-party product reviews, Red Condor's product performance has been stellar. It is this consistent validation, in addition to the company's talented team, that has me excited about the future of Red Condor."

Dr. Steding earned a Ph.D. in electrical engineering from University of California, Berkeley and a master's of science in management (Sloan Fellow) from Stanford University Graduate School of Business. He is the co-author of "Built on Trust - How to Gain Competitive Advantage in Any Organization."

Former Red Condor president and CEO, Ron Longo, will now serve as the company's vice president of business development. He will manage the company's large accounts and partnership efforts.

About Red Condor

Red Condor is revolutionizing spam fighting technology. Red Condor's highly accurate Email DNA™ filter, hybrid architecture Vx Technology™, and fully managed appliances lead to a dramatic reduction in the cost of owning a premium spam filter. With solutions for small business, as well as ISPs with millions of email inboxes, Red Condor has a cost effective, time saving solution that is rapidly gaining market share. The system's design has built-in zero tolerance for lost email, and a near zero false-positive rate while achieving long-term spam block rates greater than 99%. This next generation technology is backed by a 24x7 customer care center staffed by email security experts at Red Condor's headquarters. For more information, visit www.redcondor.com.

Contact Information