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Enterprise Linux Today: TurboLinux Smells IPO

Oct 11, 2000, 22:20 (0 Talkback[s])
(Other stories by Clint Boulton)

"The firm reeled in $30 million of third-round funding from the likes of Fujitsu Limited, Hitachi, Ltd., IBM, SGI and Softbank Ecommerce Corp. several months after it axed 70 employees and its skipper stepped down."

"Specifically, proceeds from the third funding round will be used to help expand TurboLinux's worldwide services, sales, development and marketing programs...."

"TurboLinux has made great progress this year in delivering breakthrough products for Linux Internet infrastructure solutions and we've announced a series of major technology partnerships and customer reference wins around the world," said T. Paul Thomas, president and CEO of TurboLinux, who took over for Cliff Miller in June."

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