Palo Alto,
Calif. – VMware, a provider of virtualization
technology, announced on Tuesday that it has acquired Yahoo’s (NASD: YHOO) Zimbra email and
collaboration software unit.
Financial terms of the transaction were not
disclosed.
Yahoo acquired Zimbra in 2007 for $350 million; Zimbra had at that
point raised over $30 million in venture capital financing.
The company offers
Web-based email and calendar applications with collaborative features that
counts over 55 million mailbox users.
VMware said the acquisition will further
its mission of "taking complexity out of the datacenter, desktop,
application development and core IT services, and delivering a fundamentally
more efficient and new approach to IT."
Related Links:
http://www.vmware.com/company/news/releases/zimbra.html
