Zimbra Co-Founder Funds DimDim.com – Possible Zimbra – Dimdim Collaboration?
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Satish Dharmaraj the Co-founder and CEO of Zimbra the open source messaging and collaboration services which was sold to yahoo for 350 million $ has invested an undisclosed sum in dimdim.com the open source webex competitor which was earlier funded for 5 M $ by Nexus India Capital in 2007 and then in July 2008 for 6 M $ by Index Ventures, Nexus India Capital, and Draper Richards, from the US, Europe, and Asia.
According to venturebeat Satish Dharmaraj sees synergies between what dimdim has to offer and what zimbra is offering and hence the investment. Zimbra already offers a product that provides email, task management and documents management to corporates by funding dimdim the same could be scaled to offering web conferencing as well.
Also dimdim could easily exit to Yahoo/Zimbra which already boasts of fortune 1000 companies as clients and a estimated revenue between 10-20 million $ last year.
Dimdim on the other hand follows a Free-mium model via three products: Dimdim Free, Dimdim Pro and Dimdim Enterprise. Dimdim Free has two editions, open source community and free hosting.
Dimdim Pro has been priced at $99 a year and is highly scalable, while the Enterprise version starts at $2,000 a year. Though the Free version is free for front-end customers, Dimdim gets a share in the revenue from the service providers. The company is also exploring the possibility of revenue from advertisements in the free version. (source)
We have contacted Dimdim Cofounder on the possible strategies and synergies with this new funding and the road ahead for Dimdim.
Updated: Dimdim founder has refused to comment on this news.
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this is quite interesting. Its been sometime that I was wondering about the exit strategy of DimDim, if they are any. And, there you go..an acquisition target!~ Kudos to DimDim team and DD!