Yahoo acquires Zimbra
Yahoo is acquiring Zimbra, the leader in open source messaging and collaboration software for $350 million. With this acquisition, Yahoo is extending its services to the new customers in the universities, businesses and service providers worldwide market. Zimbra offers cool AJAX-based e-mail, calendar, and contact management features that can be used both on and offline. This is a good oppurtunity for Zimbra to grow with Yahoo’s leadership.
Source: Yahoo! Press Release | Zimbra Press Release
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