Linux Journal: A Few from SuSENov 30, 1999, 23:49 (0 Talkback[s])
(Other stories by David Penn)
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"Somewhat ignored by the IPO-oriented acclaim that has illuminated Red Hat and (soon) VA Linux Systems, SuSE recently scored major financial backing from dominant chip maker Intel and a venture capital group called Apax Partners. The arrangement, if approved by SuSE shareholders, will bring over $12 million (funding will actually be in euros) to fuel SuSE's growth efforts internationally."
"As reported in the E-Commerce Times, the funding will help SuSE set up sales and support centers in Europe and the United States. For Intel, the deal with SuSE helps the chip maker establish a market for Intel-based Linux computers in Europe, SuSE's area of market leadership."
"Said Roland Dyroff, chairman of SuSE Linux, "This investment will enable us to continue to pursue our strategy of growth in the rapidly expanding Linux market segment. 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."
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