Source: http://www.dmnews.com/goodmail-systems-to-shut-down-this-month/article/195640/ E-mail services provider Goodmail Systems will cease operations on February 8, its chief executive told Direct Marketing News. The Mountain View, CA-based company employed 35 and was founded in 2003. Daniel Dreymann, cofounder and CEO of Goodmail, said the biggest reason for the shutdown was an aborted acquisition attempt by a firm he would only call a â€œFortune 500 company.â€ Dreymann said he could not reveal more information about the one-time suitor because he is bound by a nondisclosure agreement. â€œWe were on track to be acquired,â€ he said. â€œWe got a terms sheet, and they left us at the altar at the last minute.â€ The company's partnership with Yahoo, which allowed e-mails sent by Goodmail to be certified on the Yahoo Internet services provider, ended in early 2010. As a result, Goodmail lost Yahoo's broad customer network. Goodmail had a business model dependent on the number of people receiving its certified e-mails. â€œThis merger was supposed to address the issue,â€ Dreymann said. â€œBut when it did not conclude, I had no other solution but to shut down. At the end of the day, I could not sustain the losses.â€ The White House, Target and Williams-Sonoma were among hundreds of Goodmail clients, said Dreymann. Dreymann said in an e-mail to customers that the company is â€œworking with our ISP partners to accommodate a transition period for your IP addresses so as to decrease the effort required for warm up. In the meantime, please begin to transition your traffic off CertifiedEmail.â€ He also told DMN that his company was a catalyst for including rich functionality in e-mail, including the deliverability of video and interactive messages. Dreymann added that Goodmail was in the midst of a pilot program with Microsoft. â€œI'm very proud of what we were able to accomplish,â€ he said. â€œWe were a small company that managed to sign agreements with companies like AOL, Comcast and Verizon.â€ Peter Horan resigned as the company's CEO last February.