Microsoft's Exhange Server has been doing that for over a decade.
Lotus Notes as well.
I wonder if you are talking about Internet Email? The sort of free email that many use? For that? No.
Bob
Are there any e-mail services or software that notifies you if and when your e-mail was read by the recipient? Thank you!

Chowhound
Comic Vine
GameFAQs
GameSpot
Giant Bomb
TechRepublic