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LinuxPR: Lutris Technologies Receives Investment From the Intel 64 Fund and Trans Cosmos

Feb 09, 2000, 00:24 (0 Talkback[s])

"Lutris to utilize investment to help increase industry momentum of the Enhydra Application Server."

"Lutris Technologies, a leader in Open Source Java/XML application server software and associated professional services, today announced the successful completion of its Series B round of financing. Investors in the current round include the Intel 64 Fund and Trans Cosmos USA, a leading global strategic investment and business development company with experience in helping Internet companies expand into the Asian market. The investment brings the round to a total of $15 million, with the original investment in November 1999 from Chase Capital Partners and Chase H&Q, formerly Hambrecht & Quist."

"With its latest round of funding, Lutris has taken a major step toward enabling itself to execute on its strategy for making its Open Source application server product, Enhydra, a viable and attractive option," commented Steve Garone, Program Director for Application Development & Deployment at International Data Corporation. "If Lutris can successfully implement their promised world-class support and services for Enhydra, and deliver a truly enterprise-scalable product early this year, they'll be well positioned to become a serious player in the application server market."

Press Release