Open-Xchange, a Nuremberg, Germany-based provider of open source email, productivity and security software for the service provider industry, secured €21m in funding.
Backers included Iris Capital and core shareholders including eCapital.
The company intends to use the funds to further grow its talent base and business reach, by broadening its relationships with existing partners and gaining new customers, especially in the North-America, LATAM and APAC regions.
Established in 2005 in Germany by Rafael Laguna, CEO, Open-Xchange provides an open source email, productivity and security software to over 100 of the world’s largest hosting and telecommunications companies including 1&1 Internet, GoDaddy, Italiaonline, KPN, Liberty Global, Proximus, Rackspace and Vodafone.
The company acquired the innovators of Dovecot in Finland and PowerDNS in The Netherlands in 2015 to add an IMAP server with 72% market share of all IMAP Mail servers on the internet which serve more than 2 bn email accounts and one of the best DNSSEC servers available, to the OX product portfolio.
In 2017 and beyond, Open-Xchange plans to continue its elevation from software vendor to comprehensive service and solution provider with is OX as a Service offering that is gaining traction among telco and cable companies.