SaaS Pioneer Open-Xchange Raises $20M To Expand Its Cloud-Based Services

Open-Xchange, maker of Web-based communication, collaboration and office productivity open-source software, has received $20 million in funding from United Internet, former Deutsche Bank COO Hermann-Josef Lamberti and existing shareholders. Part of the proceeds will be used for a secondary transaction. The startup also announced two new additions to their supervisory board: Lamberti and Dr. Oliver Mauss, the CEO of United Internet subsidiary United Internet Ventures.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/iZUpQpb2Kmo/

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