(The Hosting News) – Email suite provider Open-Xchange on Thursday announced that it had secured $20 million in series C funding. The company will use the revenue to spur further growth.
Via a press release, Open-Xchange CEO Rafael Laguna had this to say: “As we aim to power ruthlessly open cloud solutions for the mobile web age, we’re encouraged by the validation in our client base, business model and global business expertise that this backing signifies. This addition of expertise to our board is critical as we expand our product offering during a time of great disruption in cloud-computing, and we’re thrilled to have investors who share our vision – to transform how people work.”
Meanwhile, companies including United Internet Ventures and Deutsche Bank both expressed excitement for the company.