Yahoo! Acquires Zimbra for AJAX-based Messaging

Yahoo! agreed to acquire Zimbra, a developer of e-mail and collaboration software, for approximately $350 million.



Zimbra's offerings include rich, AJAX-based e-mail, calendar, and contact management features that can be used both on and offline.
The company has developed a set of "Zimlets" that tie in Web services to e-mail. Examples include providing updated shipping information inside an email, travel data, or being able to add all participants in a mail conversation to your address book at once.



Yahoo! said the acquisition helps it to expand its presence in universities, businesses and through ISPs by enabling organizations to host e-mail on or off premises with their own domain.



Yahoo! also noted that its own Mail service, which celebrates its 10th anniversary this year, currently has 250 million users worldwide.

http://www.yahoo.com

http://www.zimbra.com