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ActivePath Merges with PowerInbox, Raises $10 Million in New Funding

Competitors in the interactive e-mail space have now become companions as ActivePath announced its merger with former rival PowerInbox early this week.

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The combined entity, which will be called “PowerInbox” also announced $10 million in new funding from Atlas Ventures and Longworth Partners, as well as from Battery Ventures, Genesis, GIMV and Correlation Ventures. 
While PowerInbox’s strength has been in the consumer market, ActivePath has made inroads into the enterprise space.  The new company will feature ActivePath CEO Jeff Kupietzky as the new chief executive officer. PowerInbox co-founder, Dileep Thazhmon will serve as COO.
To learn more about ActivePath, please see the company’s most recent demos at Finovate Fall 2011 here and Finovate Fall 2010 here.