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E-Commerce Times: Intel Expands Linux Investment

Nov 29, 1999, 18:16 (0 Talkback[s])
(Other stories by Matthew W. Beale)

"The equity funding, which is subject to shareholder agreement, will pump 12 million Euro (almost 12.1 million US$) into SuSE's growth strategy, and add to the momentum that the Linux community has gained following the landmark Microsoft antitrust trial ruling."

"With the funds from Apax and Intel, we have acquired international investors who, through their market expertise and strategic network of contacts, will be instrumental in SuSE's expansion and IPO efforts," commented Roland Dyroff, chairman of SuSE Linux AG."

"SuSE will channel funding into the establishment of new sales and support offices and also toward the expansion of its network of SuSE Business Partners. The company currently has offices in the U.S. and throughout Europe."

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