United Internet Ventures AG buys shares in Open-Xchange AG
- Many years of cooperation result in investment
- Oliver Mauss becomes member of OX Supervisory Board
- One of the largest SaaS providers with 80 million users
Montabaur, July 18, 2013. United Internet Ventures AG is acquiring an approximately 25 percent interest in the email and collaboration specialist Open-Xchange AG, thereby becoming an important future owner of this Nuremberg-based company. This investment aims, in particular, to drive further ahead with product development, the expansion of services, and internationalization at Open-Xchange. Dr. Oliver Mauss, Management Board member of United Internet Ventures AG, is to be a Supervisory Board member in the future.
With its OX App Suite, Open-Xchange offers an extensive, browser-based software solution for the processing and administration of emails, contacts, and dates and deadlines, which can be supplemented in real time to include information from social networks such as Facebook, LinkedIn, XING and Twitter. Open-Xchange also allows images, as well as audio, video and office files to be centrally stored, administered and worked on by teams. A Cloud-based solution is also currently being developed with OX Documents. All products are optimized for mobile utilization. Under its 1&1 brand, United Internet already markets numerous email and collaboration solutions as software-as-a-service. The products are aimed at both end-consumers, as well as small and medium-sized companies.
"With our investment, we are deepening a cooperation that has worked successfully for many years. Open-Xchange has an outstanding starting position to establish itself as a leading provider of application software for the Cloud in this global growth market," commented Dr. Oliver Mauss, Management Board member of United Internet Ventures AG.
Open-Xchange AG has grown its revenue and user numbers by 50 percent over the past three years. Open-Xchange's software is currently deployed with more than 80 million users, and is provided to them as software-as-a-service by more than 80 hosting and telecommunications providers worldwide.