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LinuxPR: Linuxcare Completes Third Funding Round, Industry Leaders Invest US$30 Million

Aug 02, 2000, 19:38 (0 Talkback[s])

"Linuxcare, Inc., a recognized leader in providing comprehensive professional services and solutions for Linux and open-source technologies, has raised US$30 million in its third funding round, led by Lehman Brothers Venture Capital. Linuxcare's Series C round will fuel development and expansion of its four-pronged services, support, education and certification business model."

"With this funding round, Linuxcare's corporate partners Dell Ventures, the strategic investment arm of Dell Computer Corp., Motorola, Inc. [NYSE:MOT] and Sun Microsystems, Inc. [NASDAQ:SUNW] all increased their existing investments."

"ITOCHU International, Inc. (http://www.itochu.com), the North American subsidiary of ITOCHU Corp.--a diversified trading company with offices in over 80 countries and currently the tenth largest company in the world--has signed on as one of Linuxcare's newest corporate investors."

Press Release