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Yahoo is reportedly trying to offload Zimbra, the open-source email suite it acquired at the end of 2007 for $350m.
The Zimbra Suite provides email, contacts, calendar, search, VoIP and document-authoring tools.
According to Yahoo, Zimbra is now powering more than 50 million paid mailboxes worldwide and the technology is also part of Yahoo's consumer web mail and calendar offering.
According to the Wall Street Journal affiliated blog Boomtown, Yahoo wants to sell the division in order to continue slimming down its portfolio in order to concentrate on priority areas of the business.
Yahoo said it could not confirm or deny the reports.
Under Yahoo chief executive Carol Bartz, who took over in January, the company has so far closed a large number of its businesses, including Geocities, Yahoo 360, Yahoo Gallery, Bix- the Karoke service, as well as video properties such as Yahoo Live, Jumpcut and Maven.
Bartz said in July, after agreeing the search deal with Microsoft, that the firm's key priorities are now display advertising capabilities and delivering a more mobile experience to customers.
In related news, the company is set to make a major global announcement later today. Boomtown said the announcement would be a new branding campaign aimed at advertisers.
Last week, Yahoo's major rival Google announced it would be launching into this space and taking on Yahoo in display advertising with the launch of the DoubleClick Ad Exchange.
22 Sep 2009
