The new organization doesn’t have a name yet, so I’ll call it MailCo here. MailCo will be part of the Mozilla Foundation and will serve the public benefit mission of the Mozilla Foundation. (Technically, it will be a wholly owned subsidiary of the Mozilla Foundation, just like the Mozilla Corporation.)
Awesome! And other minor details…
Mozilla will provide an initial $3 million dollars in seed funding to launch MailCo…. Mozilla may well invest additional funds; we also hope that there are other paths for sustainability.
It’s great to see it’s going to be well taken care of. Keeping it in the family is also good for XULRunner and the Mozilla platform since it ensures everyone will continue to work as closely as they have in the past. Also insures that the new organization will keep the same principles at heart that made Firefox what it is today.
The Rumbling Edge has a good list of media coverage.
In other news, Yahoo acquired Zimbra for a cool $350 Million. This has been the biggest week for email since Gmail launched.