Yahoo! Rumored To Be Selling Off Zimbra

Posted Sep 22, 2009

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.