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BW: Applix Participates in Largest-Ever Private Linux Investment

Jan 18, 2000, 18:03 (1 Talkback[s])

"Applix...a leading supplier of office suite software for Linux and other major operating systems, today announced its participation in the largest ever private investment funding of a Linux company. TurboLinux, the high performance Linux company successfully completed a $57 million second round funding that included investments by Applix and more than 20 other leading worldwide IT companies."

"TurboLinux bundles and resells the Applixware Office product in Japan and other Asian markets. Applix relies on the proven expertise and local knowledge of companies like TurboLinux to insure the widest possible distribution for its software products across geographies and hardware platforms."

"We are pleased to participate in this strategic event in the history of TurboLinux," commented Jit Saxena, Applix's Chairman and CEO. "As a leading provider of office productivity applications for Linux, Applix already has a significant stake in the future of the operating system. Our investment in TurboLinux reinforces our commitment to the Linux operating environment and complements our high performance office productivity applications."

Press Release