Yahoo selling e-mail service Zimbra to VMware as it focuses on core services
By APTuesday, January 12, 2010
Yahoo selling e-mail service Zimbra to VMware
SUNNYVALE, Calif. — Yahoo is selling the e-mail service Zimbra to VMware as part of an effort to focus on the Internet services that generate most of its revenue.
Financial terms of the deal announced Tuesday weren’t disclosed.
Yahoo, based in Sunnyvale, Calif., bought Zimbra for $350 million in September 2007.
Zimbra manages more than 55 million e-mail boxes for businesses, universities and Internet service providers.
The acquisition opens a new product line for VMware, which sells software that enables a single computer to function like multiple machines.
Yahoo is retaining the right to draw upon Zimbra’s technology to run its own Web-based e-mail service.
The sale is expected to close by the end of March.
Tags: California, Communication Technology, Computing And Information Technology, Internet Technology, North America, Sunnyvale, United States
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January 18, 2010: 1:42 am
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January 13, 2010: 12:09 am
VMware might be interested in the so-called collaborative services that Zimbra offers like office calendars and document sharing, according to the blog post. |
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