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Mimosa Expands Data Management

Mimosa Systems Inc. said yesterday it had secured an additional $11 million in funding that will help the startup spread its email management message more broadly. (See Mimosa Lands $11M.)

The round was led by Jafco Ventures and included August Capital, Clearstone Venture Partners, and Lighthouse Capital Partners. The Series B brings the startup's total funding to $17.5 million since it was founded in 2003.

Mimosa's flagship product is NearPoint, a continuous data protection (CDP) software for managing email on Microsoft Exchange servers. Essentially, NearPoint applies CDP to email by creating an archive for Exchange. When disaster hits, IT managers can quickly retrieve folders, messages, mailboxes, and other Exchange elements, instead of hunting their way through whole databases using MAPI. (See Mimosa Covers Email.)

T.M. Ravi, Mimosa's co-founder and CEO, told Byte and Switch that, since launching NearPoint in May, Mimosa has racked up "many tens" of customers, although only a handful of these have been made public. (See UTLA Picks Mimosa and Mimosa Wins Email Deal.)

Tim White, director of information services at publisher eRepublic Inc., is one of these early adopters, and believes the startup is addressing a gap in the market. "There's a real need for their products," he explains. "When I researched this issue a year ago I didn't find anyone who is specifically doing this." By storing email attachments on a separate server, says White, NearPoint gets around the 16-gigabyte storage limit on the standard version of Exchange.

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