Safer, cheaper and faster than FedEx. That's how NetDox, Inc., a firm founded last January to deliver sensitive electronic business documents, describes itself. Analysts assert that claim has merit. "NetDox has a reliable and secure infrastructure to send documents, backed by insurance of up to $50,000 for each document," says IDC research manager Mark Levitt.
A joint venture of Deloitte & Touche LLP and Chicago's Thurston Group, a private merchant bank, NetDox delivers financial and legal documents and other confidential data over the Internet. Before sending data, NetDox secures it using high-level encryption technology. Deerfield, IL-based NetDox is the only company to be granted a federal license to use 128-bit encryption technology for general purposes. When the document arrives, recipients are asked to provide an electronic "signature."