LinuxPR: MontaVista Ends First Full Year of Operation on High Note
Jan 31, 2001, 07:03 (0 Talkback[s])
Re-Imagining Linux Platforms to Meet the Needs of Cloud Service Providers
"Revenues, Design-Wins, Head-Count, Investment, and Alliances
Exceed Company's Goals, Validate Open Source Business Model."
"MontaVista Software, Inc., developer of the Hard Hat Linux
operating system for embedded applications, announced today that
the company ended fiscal year 2000 on a triumphant note, closing
15% over plan, with ten-fold revenue growth over 1999. In 2000,
MontaVista captured over 80 customer design wins and significantly
grew its talent pool, organically, without need for acquisition.
The company also secured over $30 million in funding from key
investors, including Intel Corporation."
"In the last twelve months, MontaVista clearly achieved
leadership status in embedded/pervasive computing. "Our
performance, as measured by revenues, customer acquisition, and
head count exceeded every one of our targets," exclaimed Jim Ready,
MontaVista Software CEO. "We have demonstrated that our business
model is more than viable; our customers, many leading Fortune 100
companies, have validated our approach and continue to do so." Dave
Warner, MontaVista CFO adds, "Today, while many technology
start-ups are struggling for their very existence, MontaVista has
demonstrated how combining a solid business model, cutting edge
technology and a superb team can deliver - happy customers and
happy investors go hand-in-hand"."