39 posts and columns on Zimbra
Yahoo announced its first-quarter earnings today, showing a continued worrisome revenue growth stall, due in large part to declines in search revenue from its partnership with Microsoft. The Silicon Valley Internet giant reported revenues of $1.06 billion, down six percent from a year ago, on net earnings of 17 cents a share, down 28 percent.
Taylor Barada, Yahoo’s recently appointed head of M&A, is joining Zynga in an unspecified role. Barada replaced Andrew Siegel, who left Yahoo earlier this year to join Condé Nast Yahoo staff was told of the move yesterday.
As BoomTown previously reported, VMware officially confirmed today that it is buying Yahoo’s Zimbra open-source email unit. Financial terms were not disclosed, but sources said the price was well below the $350 million Yahoo paid for the start-up in late 2007. Sources also said there is a large employee-retention element to the sale to encourage Zimbra’s 110 employees to make the move to VMware. VMware said the acquisition is expected to close in the first calendar quarter of 2010.