09-17-2007, 02:30 PM
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Breaking: Yahoo Acquires Zimbra For $350 million in Cash
 Yahoo will announce the acquisition of open source online/offline office suite Zimbra this evening, we just heard through a very solid source. The price: $350 million, in cash.Our coverage of Zimbra goes back to 2005. They gained wide exposure at the 2005 Web 2.0 Conference. Recently they launched offline functionality. The company has raised $30.5 million over three rounds of funding from Benchmark Partners, Redpoint Ventures, Accel Capital, Sumitomo and Duff, Ackerman & Goodrich. They announced 6 million paid mailboxes back in March, and more recently inked a deal with Comcast that brings another 12 million potential subscribers. More from TechCrunch... Last edited by Jeff; 09-17-2007 at 02:40 PM. 
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