Mozilla has announced that it has set up a new business called Mailco.
The company will be the home for the Thunderbird mail software and has been started with $3 million seed finance. The plan is to stimulate innovation in Internet mail and communications.
According to a press release the company wants to develop robust developer ecosystem in order to drive improvements through open source and community innovation. This was a similar goal to the Firefox browser.
The company will be headed by Dr David Ascher, currently CTO and VP Engineering of ActiveState.
Mozilla says it will continue to provide Thunderbird users with regular security and stability updates as it establishes its new initiative.