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Open-Xchange Raises $20M in Funding; Announces Two New Additions to Supervisory Board

Open-Xchange today announced that  it has secured $20M in Series C funding to help advance its cloud-based collaboration and office productivity suite. Open-Xchange has raised EUR 27m ($35m) to date, including the new investment. The new funding, led by United Internet Ventures, former Deutsche Bank COO Hermann-Josef Lamberti, and existing shareholders, will help extend the 50 percent year-over-year revenue and subscriber growth streak OX has had for the last 3 years. The news comes a few weeks after  Open-Xchange  today announced partnership with home.pl, a  Poland based web hosting provider. In an Interview with DailyHostNews earlier this week, Rafael Laguna, CEO, Open-Xchange said “Open-Xchange recently acquired  core developers from the Hamburg-based OpenOffice team as a  signifi...

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