While most of the recent mergers here didn’t cause a stir here in my cubicle, I nearly flipped when Steve said Y! had just bought Zimbra. As an early user and reviewer, I very much think Zimbra has the oomph to beat Google’s office suite, maybe even Microsoft’s in the distant future.
I really didn’t realize Y! was trying to beat Google at the office suite business, but it does appear with this $350M purchase, that they are going to try to do just that. If you think the $350 was a little high, you might look at what TC has reported:
The company has raised $30.5 million over three rounds of funding from Benchmark Partners, Redpoint Ventures, Accel Capital, Sumitomo and Duff, Ackerman & Goodrich. They announced 6 million paid mailboxes back in March, and more recently inked a deal with Comcast that brings another 12 million potential subscribers.
Boomtown even mentioned that the 12M subscribers thingy might be a part of their ‘triple play’ services (phone, web, cable service).
Pretty cool, huh? I can’t wait to see where they go with this one!