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CNET News.com: Venture capital firm invests in Linux retailer Ebiz

Oct 27, 2000, 14:20 (0 Talkback[s])
(Other stories by Stephen Shankland)

"The Canopy Group has invested $2.5 million in Ebiz Enterprises, operator of LinuxMall and the Linux Store, allowing the Linux retailer to diminish its debt."

"The funding will be used to reduce debt and achieve profitability sooner, Ebiz chief executive Dave Shaw said in a statement. The funding was the result of the recent merger of Ebiz and LinuxMall, a deal that closed Oct. 11."

"We believe Ebiz's stock is undervalued and find this investment an attractive fit to our strategies and focus," Canopy Group president Ralph Yarro said in a statement."

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