Pulse2 Technology and Social Media News » Greg Mrva http://pulse2.com Sun, 27 May 2012 17:08:57 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 Yahoo! Rumored To Be Selling Off Zimbra http://pulse2.com/2009/09/22/yahoo-rumored-to-be-selling-off-zimbra/ http://pulse2.com/2009/09/22/yahoo-rumored-to-be-selling-off-zimbra/#comments Wed, 23 Sep 2009 03:42:33 +0000 Amit Chowdhry http://pulse2.com/?p=20710 Continue reading →]]> Picture 2
According to sources with AllThingsD, Yahoo! has been considering selling off Zimbra. Zimbra is an open source e-mail company that Yahoo! bought for $350 million back in 2007. Yahoo! seems to be cutting loose a lot of their assets and properties on the open market including Zimbra. Another property Yahoo! is selling includes HotJobs.

As Yahoo! is preparing to launch a new $100 million marketing campaign, this is evidence that they are planning to slim their portfolio.

Rumor also has it that Yahoo! M&A exec Greg Mrva is responsible for selling the property. Before Yahoo! bought Zimbra, the open source e-mail web start-up was backed by Benchmark Capital, Redpoint Ventures, and Accel Partners. Zimbra founder and former CEO Satish Dharmaraj left Yahoo! left the company earlier this year to join Redpoint.

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