Open-Xchange, Open Source Email Provider, Wins Funding

Open-Xchange, the German-based provider of an open-source email platform and security software, has won €21 million in funding, translating into U.S. $25 million, according to Venture Beat. The round is headed by Iris Capital and existing shareholders such as eCAPITAL.

The money will be used to add staff. The company now has 250 specialists on board. Of these, 70% work in development, engineering and technical support, the firm says.

The hires will support new business opportunities in the areas of DNS and email. The new resources will help the firm build on relationships with partners while pulling in new customers, particularly in the North America, LATAM and APAC regions.

Open-Xchange offers an email advertising solution driven by Dovecot’s IMAP software. It also filters malicious traffic for consumers and facilitates parental controls

The company reports that its software is delivered to over 200 million consumers and small businesses by over 100 hosting and telecommunications companies including 1&1 Internet, GoDaddy, Italiaonline, KPN, Liberty Global, Proximus, Rackspace and Vodafone.

Dr. Paul-Josef Patt, CEO of eCAPITAL, states that “with this new financing, Open-Xchange is able to prepare crucial investments to fund the initial cost of large future customer mandates.”

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