United Internet Ventures acquires 25% stake in Open-Xchange
United Internet Ventures (UIV), the corporate venture arm of United Internet, has taken part in a $20m investment in German email services provider Open-Xchange.
UIV was joined by Herman-Josef Lamberti and existing investors in a round that will support Open-Xchange's growth and expansion. An undisclosed part of the investment will be used for a secondary transaction.
Open-Xchange's software has more than 80 million users. The company is based in Nuremberg, Germany.
UIV is the venture arm of German corporate United Internet, a company that owns a range of German email providers and internet hosting brands such as 1&1 and GMX.
UIV's Oliver Maus will join Open-Xchange's supervisory board.
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