Yahoo to buy email provider Zimbra for $350M
Yahoo is set to announce the acquisition of open-source email provider Zimbra, a company that has made headway providing services for other big companies such as Comcast. The news was first reported by AllthingsD, but there was no price mentioned. It’s rumored to be $350 million, according to Techcrunch.
San Mateo, Calif.-based Zimbra’s clients include ISPs and a number of colleges. It was backed with $30.5 million in three rounds from Benchmark Partners, Redpoint Ventures, Accel… Continue Reading
Divvio, latest effort to find Web content matching your tastes
Updated
Divvio is the latest start-up to try to deliver you multi-media content each morning, gathered from crawling the Web for material matching your tastes.
Run by a former AT&T technologist, Hossein Eslambolchi, it will find audio, video and other material, to create channels that are updated each time you sign on, according to BusinessWeek. It picks out material based on past requests you’ve made. It is backed by more than $2 million $3 million-plus raised from… Continue Reading
Intematix raises $16.5M for solid-state lighting and other material discovery
Intematix, a material discovery company based in Fremont which specializes in supplying phosphors used for solid-state lighting and displays, said it has raised $16.5 million in a third round of venture capital.
Solid-state lighting, in which light is emitted from solid objects (light-emitting diodes, or LEDs), and not from a gas, does not waste as much energy as traditional sources of light. It has been termed a technology of the future.
The financing was led by Crosslink… Continue Reading