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E-Commerce Times: AXA Backs Mandrake and Linux

Aug 25, 1999, 19:26 (0 Talkback[s])
(Other stories by Matthew W. Beale)

AXA Placement Innovation, the investment fund of AXA, has added fuel to the open-source operating system (OS) movement by completing an equity investment in Linux vendor MandrakeSoft."

"We believe that MandrakeSoft is poised to be a dominant player in the emerging but potentially huge Linux market," commented Peter Bieliczky of the AXA Investment Managers Group. "MandrakeSoft has evolved very quickly since its inception a few months ago and we are strong believers in the Linux-Mandrake strategy and team." AXA Placement Innovation specializes in backing up-and-coming high tech firms..."

"The Complete Linux product by MandrakeSoft "does an excellent job of smoothing out some of the rough edges of the Red Hat 6.0 distribution," commented the editors of LinuxWorld. "What you end up with is a better Red Hat 6.0 than Red Hat 6.0 itself."

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