Yahoo! Inc. will acquire Zimbra, Inc. an e-mail and collaboration software firm, for approximately $350 million. The acquisition will help Yahoo! 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.
Zimbra will become a wholly-owned subsidiary of Yahoo!. Satish Dharmaraj will continue to lead the Zimbra team based in Yahoo!’s Sunnyvale headquarters and will report to Brad Garlinghouse. The transaction is expected to be completed in the fourth quarter of 2007.
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