Indiantelevision.com's > Digital Edge > Yahoo! to acquire E-mail firm Zimbra for $350 million
 
 
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Yahoo! to acquire E-mail firm Zimbra for $350 million
 
Indiantelevision.com Team

(19 September 2007 3:30 pm)

 

MUMBAI: Internet major Yahoo! has acquired Zimbra, which focusses on next generation e-mail and collaboration software.

Yahoo! will pay $350 million.

 

Yahoo! CEO Jerry Yang says, "Our industry-leading communications products, including Yahoo! Mail, are critical to the future growth and success of Yahoo!. Zimbra's tremendous talent and innovative technology will help to extend our core Mail offerings, further strengthening our strong leadership position in this space.

"Additionally, Zimbra's successful relationships with large ISPs are key as we expand our worldwide partner network and continue to focus on our commitment to being the partner of choice."

The acquisition of Zimbra will help Yahoo! to expand its presence in universities, businesses and through ISPs by enabling organizations to host e-mail on or off premises with their own domain. Zimbra's offerings include rich, AJAX-based e-mail, calendar, and contact management features that can be used both on and offline.

Their open platform enhances the user experience by enabling creative mash-ups called Zimlets that tie in valuable Web services to e-mail, and can be tailored to fit the needs of every customer.

 
Zimbra co-founder and CEO Satish Dharmaraj says, "We are excited to combine ourselves with one of the world's most successful Web mail services and extend Yahoo!'s credible brand and leadership in the e-mail business to universities, businesses and ISPs globally. With Yahoo!'s ad and content network, the possibilities for Zimlets and other applications are endless."

Yahoo! Mail celebrates its 10th anniversary this year. Yahoo! senior VP, communications and communities Brad Garlinghouse says, "As an industry leader, we are constantly approached for different e-mail solutions. With Zimbra, we will bring the security, reliability and anywhere access of Yahoo! Mail to people at school, work and home, further enhancing our leadership position in Web mail."

Following the acquisition, Zimbra will become a wholly-owned subsidiary of Yahoo!. Dharmaraj will continue to lead the Zimbra team based in Yahoo!'s Sunnyvale headquarters and will report to Garlinghouse.

 
 
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