PostPath Raises $15 Million in Series C Funding.New Investor JAFCO Ventures Leads Round, JAFCO Partner Joins Board MOUNTAIN VIEW, Calif. -- PostPath, creator of the first Linux-based email and collaboration server that offers enterprises a drop-in alternative to Exchange, today announced that it has closed its Series C funding round, bringing its total funding to date to approximately $30 million. The round was led by JAFCO Ventures; existing investors Matrix Partners and Worldview world·view n. In both senses also called Weltanschauung. 1. The overall perspective from which one sees and interprets the world. 2. A collection of beliefs about life and the universe held by an individual or a group. Technology Partners also participated. PostPath will use the funding to expand its marketing and sales teams to support the company's current growth plans and the increasing market interest in its products. PostPath also announced that Tom Mawhinney, general partner at JAFCO Ventures, will join the board and that Joe Horowitz, managing general partner at JAFCO Ventures, will join the board as an observer. "The team at JAFCO Ventures saw an exceptional opportunity in PostPath. Enterprises have been increasingly frustrated frus·trate tr.v. frus·trat·ed, frus·trat·ing, frus·trates 1. a. To prevent from accomplishing a purpose or fulfilling a desire; thwart: with Microsoft Exchange Messaging and groupware software for Windows from Microsoft. Exchange Server is an Internet-compliant e-mail system that runs under Windows NT/2000 and Windows Server 2003. It can be accessed by Web browsers, the Exchange client, versions of Outlook and the earlier Windows Inbox. [TM], but until now customers have had no other realistic choice," said Mawhinney. "PostPath is the first company to deliver a practical alternative. We spoke with numerous customers and prospects before we invested in the company and were very impressed im·press 1 tr.v. im·pressed, im·press·ing, im·press·es 1. To affect strongly, often favorably: with the glowing reports we received." The PostPath Server is the only drop-in and plug-compatible alternative to Exchange, providing full-featured support for Outlook without the need for complicated plug-ins or other desktop changes, and without disrupting existing email infrastructure. The PostPath Server Remote Office Edition supports email and collaboration for geographically remote offices. The company's open-source solutions provide next-gen capabilities, offer five times the performance of Exchange, and decrease costs by a factor of four. "This is a substantial 'up round' for the company that validates both the impact of our solution and the progress we've made thus far," said PostPath CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Duncan Greatwood. "We've solved the interoperability The capability of two or more hardware devices or two or more software routines to work harmoniously together. For example, in an Ethernet network, display adapters, hubs, switches and routers from different vendors must conform to the Ethernet standard and interoperate with each other. problems that no one thought could be solved. We've made the PostPath Server the only email and collaboration product to successfully unlock the door to direct compatibility with Exchange--and we've thus unlocked the multi-billion-dollar corporate email server See mail server. market that Microsoft has monopolized until now." About PostPath Backed by Worldview Technology Partners, Matrix Partners, and JAFCO Ventures, PostPath has created a Linux-based email and collaboration server that is the only drop-in alternative to Microsoft Exchange. Founded in December 2003, the company is headquartered in Mountain View, California For the census-designated place, see Mountain View, Contra Costa County, California. For other places called "Mountain View", see . Mountain View is a city in Santa Clara County, in the U.S. state of California. The city gets its name from the views of the Santa Cruz Mountains. . For more information, visit www.postpath.com |
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