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Dharmaraj co-founded Zimbra acquired by Yahoo
By siliconindia
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Tuesday, 18 September 2007, 19:30 IST
Yahoo CEO Jerry Yang now aims to create a wedge into the nascent enterprise on Web-based offerings such as email and presentation applications.
Aiming at increasing its bet on email, Yahoo announced its agreement to pay $350 million in cash and stock to buy closely-held Zimbra, a maker of software used for Web-based email. Satish Dharmaraj cofounded Zimbra, which has raised about $30 million, recently did a deal with Comcast (CMCSA) to offer its services to Comcast's 12.5 million broadband customers.
Backed by Benchmark Partners, Redpoint Ventures and Accel Partners, San Mateo, California based Zimbra's clients include Comcast, many ISPs and a number of colleges. Through this acquisition Yahoo can benefit from Zimbra's features which appear in Yahoo's consumer e-mail, contact, and calendaring down the road.