“Lutris to utilize investment to help increase industry
momentum of the Enhydra Application Server.“
“Lutris Technologies, a leader in Open Source Java/XML
application server software and associated professional services,
today announced the successful completion of its Series B round of
financing. Investors in the current round include the Intel 64 Fund
and Trans Cosmos USA, a leading global strategic investment and
business development company with experience in helping Internet
companies expand into the Asian market. The investment brings the
round to a total of $15 million, with the original investment in
November 1999 from Chase Capital Partners and Chase H&Q,
formerly Hambrecht & Quist.”
“With its latest round of funding, Lutris has taken a major step
toward enabling itself to execute on its strategy for making its
Open Source application server product, Enhydra, a viable and
attractive option,” commented Steve Garone, Program Director for
Application Development & Deployment at International Data
Corporation. “If Lutris can successfully implement their promised
world-class support and services for Enhydra, and deliver a truly
enterprise-scalable product early this year, they’ll be well
positioned to become a serious player in the application server
market.”
Web Webster has more than 20 years of writing and editorial experience in the tech sector. He’s written and edited news, demand generation, user-focused, and thought leadership content for business software solutions, consumer tech, and Linux Today, he edits and writes for a portfolio of tech industry news and analysis websites including webopedia.com, and DatabaseJournal.com.
LinuxToday is a trusted, contributor-driven news resource supporting all types of Linux users. Our thriving international community engages with us through social media and frequent content contributions aimed at solving problems ranging from personal computing to enterprise-level IT operations. LinuxToday serves as a home for a community that struggles to find comparable information elsewhere on the web.
Property of TechnologyAdvice. © 2025 TechnologyAdvice. All Rights Reserved
Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.