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SRO: The Linux Company That’s Not Heading For An IPO…Not yet anyway.

“If you’re a stock watcher, the first thing that pops into your
mind when you hear “Linux” anymore is IPO. That wasn’t the case,
though on Dec. 14 as leading Linux help-desk company, Linuxcare,
announced finance news, partnership news, leader news–everything
but IPO news.”

“There was, however, lots of other money news. In Linuxcare’s
second round of funding, the company pulled in $32.5 million from
both money people, Patricof & Co and Kleiner Perkins Caufield
and Byers, and from technology strongmen: Sun., Dell, Oracle and
Motorola.”

“Linuxcare will be paying them back by bolstering the firm’s
mainstay help services with several new deals. First on the
list is a new deal with Dell. With this contract Linuxcare will be
expanding its technical support services for Dell Linux systems
throughout the world. In addition, Linuxcare Labs will certify
Dell’s Linux systems and provide on-site Linux training, via
Linuxcare University, for all of the major Linux
distributions.

Complete
Story

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