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LinuxPR: Mission Critical Linux Announces $20 Million in Equity Financing

Jun 14, 2000, 13:26 (0 Talkback[s])

"Mission Critical Linux Inc., the cutting-edge Linux services company, announced today that it has received $20 million in first-round venture capital financing from General Atlantic Partners, LLC, a leading global investor in Internet, Internet-enabled and information technology businesses. The investment enables Mission Critical Linux to continue its expansion on a global scale and to further deliver its groundbreaking enterprise-class Linux technology and services to the growing corporate Linux market. The Company has also announced that Peter Bloom, a Partner with General Atlantic Partners, would be joining Mission Critical Linux's Board of Directors.

Shortly after its inception in August 1999, Mission Critical Linux released its Core Dump and Crash Analyzer to the Linux community. Later that fall, Mission Critical Linux announced its revolutionary Secure Service Technology (SST) offering, which enables Web-based monitoring of mission-critical systems, anytime, anywhere. This exciting new technology even allows IT managers to securely monitor their systems away from the desktop, using Palm VII handheld devices. The Company has also announced plans to release a high-availability clustering solution for Linux enterprise systems later this quarter. In addition to these breakthrough solutions, Mission Critical Linux will continue to focus on offering various levels of high-quality support for enterprise Linux systems throughout their lifecycle. The recent openings of offices on the West Coast and in Eastern Europe will help the Company further its position in the global marketplace.

"The backing by General Atlantic Partners, a globally influential investor, will greatly enhance our efforts to market our unique technology and services on an international scale," said Moiz Kohari, CEO and President of Mission Critical Linux. "With the addition of General Atlantic's expertise and presence in local markets around the world, our company is now ready for the next step - to rapidly increase the visibility and value recognition of our core competencies in the burgeoning worldwide Linux marketplace."

Press Release