Financial Times FT.com

Zimbra purchase boosts Yahoo's profile

By Chris Nuttallin San Francisco

Published: September 18 2007 03:00 | Last updated: September 18 2007 03:00

Competition for corporate e-mail accounts increased yesterday as Yahoo announced an acquisition that would enable it to rival the services of Microsoft and Google for enterprise customers.

Yahoo said it was buying Zimbra, which offers web-based e-mail and collaboration software, for about $350m.

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