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Presswire: Novell invests in five Internet companies

Jul 28, 1999, 01:47 (2 Talkback[s])

"Novell, Inc. today announced the exchange of more than $15 million of investment capital by the Novell(R) Ventures (formerly the Internet Equity Fund) for minority equity positions in five Internet and network software companies: Edgix, Food.com, Indus River, Red Hat, and W. R. Hambrecht."

"As the Internet directory leader, Novell continues to build an ecosystem of developer and investment partners around the NetWare platform and NDS," said Christopher Stone, Novell senior vice president for strategy and corporate development."

"Novell Ventures provides a vehicle through which we can accelerate directory developments that enhance the value our customers derive from their business networks and the Internet."

"Red Hat Software, Inc., of Research Triangle, N.C., has become a leader in providing businesses with the open-source Linux operating system and related applications and services."

"Novell Ventures promotes Novell's interests in advancing innovative, Internet-related, networking technologies."

Complete story.