The Open-Xchange AG, Nurenberg, Germany, made a financing round under which United Internet Ventures AG, Montabaur, Germany, has acquired shares in the company.

The international law firm Milbank, Tweed, Hadley & McCloy LLP advised Open-Xchange with regard to corporate, tax and financial aspects of the transaction.

Open-Xchange develops, markets and sells web-based communication, collaboration and office productivity software, which enables full integration of email, documents, scheduling and social media. The company is privately owned and head-quartered in Nuremberg, Germany, with offices in San Jose, CA, and Kuala Lumpur, Malaysia.

United Internet Ventures AG is a wholly-owned subsidiary of United Internet AG. The public (TecDAX) company is a leading internet specialist with an established brand portfolio (inter alia GMX, WEB.DE, 1&1) and is headquartered in Montabaur, Germany.

Open-Xchange AG was advised on the transaction by partners Dr. Peter Nussbaum, Dr. Christoph Rothenfußer (both Corporate Law, Munich) and Dr. Thomas Kleinheisterkamp (Tax Law, Munich). Advising associates were: Dr. Ines Fiebiger, Florian Leßniak, Dr. Benjamin Leuchten (all Corporate Law, Munich), Dr. Matthias Schell (Tax Law, Munich) and Dr. Oliver Hahnelt (Finance, Frankfurt).