Silicon.com: JBoss Secures $10m, Eyes IPO
Feb 20, 2004, 17:00 (1 Talkback[s])
(Other stories by Matt Loney)
"JBoss, the company behind the eponymous open source application
server, has sealed a $10m investment, signalling a return of
venture capital money to open source companies and the possibility
of an IPO.
"The company's first round of venture financing was led by
Matrix Partners, with the participation of Accel Partners. The new
funds will be used to strengthen the company's profitable balance
sheet and support product development and marketing, as JBoss ramps
up to meet growing enterprise demand for the JBoss application
server and support services.
"In concord with the investment, JBoss has changed its structure
to that of a corporation, which can go public, unlike the limited
liability status that it previously held. Accordingly, JBoss Group
is now known as JBoss Inc..."