Storage Soup

Apr 2 2007   2:09PM GMT

Mimosa gets funding, hints at new products

Beth Pariseau Beth Pariseau Profile: Beth Pariseau

It’s not quite a product announcement yet, but it’s worth noting here that the friendly folks at Mimosa say they’re going to use a new $17 million in Series C funding in part to launch two new products before the end of the year. The email archiving company, which claims 160-plus customers, says it’s going to add filesystems to the applications its NearPoint archive will support, which currently include emails, instant messages, and IP-based voicemails. The file archiving will be available this summer, according to TM Ravi, CEO. According to Ravi, SharePoint archiving will follow by the end of the calendar year.

Mimosa has amassed $34.5 million in VC funding since its founding in 2005, and had its first full year of revenue in 2006, but Ravi says he’s already thinking IPO. He was mum on the timing but said “the traditional venture-capital goal is to go public, and that’s our goal as well.” He added, slyly, “But if along the way someone makes an offer we can’t refuse…c’est la vie.”

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