TurboLinux secures $57 mln in second round funding
SAN FRANCISCO, Jan 17 (Reuters) - TurboLinux, a closely held Linux software distributor with a strong presence in Asia, on Monday said it closed $57 million in a second round of funding from several of the world's top computer makers.
TurboLinux's said its private funding round, the largest to date for a company dealing in Linux software -- seen as an alternative to Microsoft Corp.'s (NasdaqNM:MSFT - news) Windows -- includes strategic investment from more than 20 global enterprise software, hardware and services companies, including Applix Inc. (NasdaqNM:APLX - news), BEA Systems Inc. (NasdaqNM:BEAS - news), Citrix Systems Inc.(NasdaqNM:CTXS - news), Compaq Computer Corp. (NYSE:CPQ - news), CSK Venture Capital, Dell Computer Corp. (NasdaqNM:DELL - news), Fujitsu Support and Service, Inc., Inprise Corp. (NasdaqNM:INPR - news), Legend Computer, NEC Corp. , Novell Inc. (NasdaqNM:NOVL - news), NTT-ME Information Xing Inc., Santa Cruz Operation Inc.(NasdaqNM:SCOC - news), Seagate Technology Inc. (NYSE:SEG - news), Toshiba Corp. and Toyo Information Systems Co. Ltd. Initial investors August Capital, technology investment bank Broadview International LLC and Intel Corp.(NasdaqNM:INTC - news) participated in the round.
``We see our investment in TurboLinux as another example of Dell responding to global demand to offer and support key new technologies in the market,' Michael Lambert, senior vice president, Dell Enterprise Systems Group, said in a statement.
The company said it would use the new round financing to expand its worldwide support, training, professional services, sales structure and marketing programs. Financial details of the funding round were not disclosed.
Founded in 1992, TurboLinux said it is the world's fastest-growing Linux company, having shipped more than 3 million units of Linux globally. |
