Planning for IPO, Mimosa raises another $17M for electronic archiving
Corrected
Mimosa Systems, a startup that helps companies archive emails and other files, has raised a $17 million fourth round of funding. Mimosa calls the latest financing a “mezzanine round,” meaning it should be the last round before an IPO.
The kind of comprehensive archiving that Mimosa offers is necessary for the “eDiscovery” process — namely, the process of searching through a company’s electronic records. With the growing number of legal requirements for corporate record-keeping, including the… Continue Reading
Mimosa raises $17M for email archiving
Mimosa Systems, an email archiving company based in Santa Clara, has raised $17 million in a third round of financing, and plans to use the cash expand into Europe and Japan.
The market for archiving is strong, and Mimosa trails companies such as Zantaz, of Pleasanton, which said it has sales exceeding $100 million last year (there’s a good story about email archiving in the Merc, which includes a look at Zantaz).
Mimosa’s funding, reported by VentureWire… Continue Reading