Open-Xchange has closed a Series B round of venture funding to the tune of $9 million. The round was led by German venture firm eCAPITAL Entrepreneurial Partners AG and joined by BayBG and existing Munich-based investor BayTech Venture Capital (if you’re looking for a connection: the company has R&D operations in the country). Open-Xchange had raised a total of $8.8 million in a Series A financing round from angel investors and BayTech back in 2006.
Built as open source software, Open-Xchange aims to provide an alternative to commercial platforms like Microsoft Exchange and SharePoint, including features like mobility support (iPhones, Blackberry), document sharing, shared calendars and shared address books.
The Tarrytown, NY-based company claims it has managed to increase the number of paid mailboxes by 4 year over year, bringing its total to 8.4 million as a result of deals with leading hosting providers in the US (Network Solutions) and Europe (1&1, OVH, Hostpoint).
Another great example of tech being strong regardless of other economic news. There is no question that investments in business technology can reduce costs, improve performance and provide a greater return on investment.
The tech industry will not be entirely immune from the economic downturn. There need to be effective measures to maximise the use of resources + cut operation cost = increase/maintain profits, – and, adopting Open Source software is a good long-term investment. The initial learning process may not be easy, but the effort is well worth it.
Can someone tell me what OPEN SOURCE product they offer? Where is the repository?
The implication from the summary is that their entire product is open source.
They do have a source code link in their FAQ (Support->FAQ).
They offer free trials here http://www.open...ange.com/en/try, but you would need to purchase the upgraded vesions
Hope to see more and more Open Source Software getting the Funding and Becoming wildely Spread
for the open-sourcers…
http://www.open....com/en/oxpedia
I think its great that for more and more applications, open source-software is made nowadays.