Network World Fusion: Report: IBM, Intel come to aid of struggling SuSE Linux
Aug 30, 2001, 21:39 (31 Talkback[s])
"Open-source software maker SuSE Linux has narrowly
avoided insolvency after investors agreed to a new round of
financing, according to a newspaper report. Backers will provide
the struggling German company with 50 million euros ($45.5 million)
in fresh funding, the Frankfurter Allgemeine Zeitung said in its
Thursday edition, citing unnamed industry sources.
'With the new round ... IBM will apparently get on board,' the
paper said, mentioning Big Blue's recent support for the Linux
operating system. Other SuSE investors pumping in more cash include
Intel and the venture capital firm Apax Partners, according to
SuSE spokesman Christian Egle confirmed that the company is in
negotiations with potential investors, adding 'it looks good,' but
declined to confirm any details."