Abaca Technology Corporation is Selected as an MIT Sloan CIO Symposium Innovation Showcase Finalist

SAN JOSE, Calif., April 28 /PRNewswire/ -- Abaca Technology Corporation today announced that it has been selected as a finalist for the 1st annual MIT Sloan CIO Symposium - Innovation Showcase. The Innovation Showcase highlights ten outstanding early-stage companies that provide cutting-edge technology and offer new levels of value and advancement to Enterprise IT.

"MIT is all about innovation and leadership, and we developed the Innovation Showcase to highlight companies that embody these traits, Abaca is one of such companies," said David L. Verrill, Executive Director of the MIT Center for Digital Business, and the Co-chair of the Innovation Showcase. "The Symposium provides these early-stage companies with a platform to demonstrate their new thinking and approaches to vital challenges facing CIOs in today's changing economy."

"Unsolicited email costs millions annually in lost productivity, and also exposes individuals and organizations to dangerous malware. Most organizations today rely on the tools designed to fight the previous generation of spam. Abaca has developed a revolutionary technology that attacks the problem from a different angle - the receiver," said Steve Kirsch, CEO Abaca.  "Abaca's unique approach to spam filtering is based on a simple insight: on average, spammers must send to people who get more spam than the average recipient. By looking at who a message is sent to, and not what is being sent, we can very accurately determine if a message is spam or not."

The annual event offers a day of interactive learning and thought-provoking discourse on the future of technology, best practices, and business that is not available anywhere else. The portfolio of speakers includes more than 50 presenters from a wide range of industries, as well as leading academics from the MIT Sloan School of Management.

More than 600 CIOs and senior IT executives will be attending the 2010 MIT Sloan CIO Symposium, which will take place Wednesday, May 19, 2010, 7:30 am to 7:00 pm at Kresge Auditorium, MIT (77 Massachusetts Avenue, Cambridge, MA). The full agenda is available at www.mitcio.com/agenda.

About Abaca Technology Corporation

Abaca Technology Corporation is the provider of the world's most effective spam filter. Patent-pending Abaca ReceiverNet technology offers an advanced approach in the fight against spam - providing unprecedented levels of accuracy. Abaca solutions are guaranteed to deliver 99 percent spam filtration, as well as protection against viruses and phishing attacks. They are also designed to fit into any size environment, including network appliances, virtual appliances and distributed servers. Abaca customers include businesses, colleges and large email service providers. Abaca is a privately held company headquartered in San Jose, California. For more information about Abaca, please visit www.abaca.com.

Abaca and the Abaca logo are registered trademarks and CLX Anti-spam Solution, and ReceiverNet™ are trademarks of Abaca Technology Corporation and may be registered in the United States and/or other jurisdictions. Other trademarks shown are the property of their respective owners.

About the MIT Sloan CIO Symposium

The MIT Sloan CIO Symposium is the premier global event for CIOs and senior IT executives to become better business leaders. In one day, CIOs and senior IT executives receive actionable information that enables them to meet the challenges of today's changing global economy. The annual event offers a day of interactive learning and thought-provoking discourse on the future of technology, best practices, and business that is not available anywhere else. The MIT Sloan CIO Symposium is organized and developed by a team from the MIT Sloan Alumni Club of Boston, the MIT Center for Digital Business and the Boston Chapter of the Society for Information Management. Visit www.mitcio.com for more information and registration.

To stay connected to the community developing around the Symposium, please join The Global CIO & Executive IT Group (An MIT Sloan CIO Group), which can be found on Linkedin.com: http://www.linkedin.com/groupInvitation?groupID=1719457. Follow Symposium updates on Twitter: http://twitter.com/mitciosymposium.

SOURCE Abaca Technology Corporation