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LinuxPR: Conectiva receives investments from Intel and Latintech Capital

Jul 12, 2000, 17:10 (0 Talkback[s])

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"Conectiva today announced it has received investments from Intel Capital and LatinTech Capital (formerly Latinvest On-line S.A.). Financial details were not disclosed."

"Conectiva is currently developing a Latin American version of Linux, as well as other additional products aiming and stimulating Open Source software adoption within the region. The companies have signed a technology cooperation agreement, including several functionalities that will be developed by Conectiva aimed at expanding Linux support and efficiency in Intel platform-based equipment."

"Conectiva will use the investment to help expand its service network to other Latin American locations; stimulate Open Source application software projects in vertical markets such as education, SOHO and public administration, among others; and consolidate its service provider partnership network in the supporting, consulting and training areas throughout Latin America."

Press Release