38 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.
Yahoo is set to announce the sale of its Zimbra open-source email unit to VMware tomorrow, said sources, for a figure north of $100 million but below the $350 million the company paid for the unit in late 2007. A week ago, BoomTown reported that the sale of Zimbra was likely. In addition, other sources said that Yahoo is about to consider bids it has solicited for its small business unit, which the company has also been trying to sell for some months, although Yahoo will not unload the unit if it does not receive a decent price.