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PRNewswire: MTI Technology Completes Acquisition of Equity Interest in Caldera...

Aug 12, 1999, 21:49 (0 Talkback[s])

"MTI Technology... announced that it has completed its purchase of a minority equity interest in Caldera Systems Inc. MTI purchased over 5.3 million shares of Caldera's Common Stock for $6.0 million."

"MTI believes that this strategic relationship with Caldera offers a number of benefits. MTI is adding support for Linux to its product offerings to complement the MTI's cross-platform strategy that includes support for Windows NT and major UNIX-based platforms. MTI believes its expertise in developing and marketing high-availability storage solutions can assist in advancing Linux as an alternative operating system for mission-critical applications.

MTI expects to leverage its service and support resources to meet the consulting, service and support needs of the growing Linux market. In addition, MTI is using Linux as a foundation for developing advanced storage technologies and products."

" 'As Linux-based applications and products continue to grow in number and capability, we believe that the Linux operating system will become an increasingly important alternative operating system for high-availability, mission-critical applications that require scalable, high-performance data servers and storage solutions,' Pearlman said."

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