LinuxPR: 16.2 million DM Venture Capital for Linux service provider innominate AG
Aug 24, 2000, 17:07 (0 Talkback[s])
Re-Imagining Linux Platforms to Meet the Needs of Cloud Service Providers
"Linux service provider innominate AG announced on thursday that
it has recently received DM 16.2 million new capital from a number
of new investors. The money is to be used for the expansion of
the European branch network and the development of new Linux
products. Furthermore, promotion of the brand name "innominate"
which represents professional Linux services and products, is
planned, stated innominate's CEO Raphael Leiteritz. As a
medium-term goal, the company is striving towards European market
leadership in Linux service providing."
"We are especially looking forward to entering into strong
US-partnerships with our new investors," said Raphael Leiteritz.
The Capital Research and Management Company (Capital Group), USA, a
financial investor, for instance is one of the leading investment
fund trustees in the USA. "The Munich Venture Capital firms BFD
Capital GmbH and TecVenture GmbH, with their internationally
experienced management teams and their largely American investors,
are both an excellent addition on top of the efforts contributed so
far by bmp AG, Berlin," Leiteritz continued. First investor bmp AG
will also take a further stake in the company in this round."
"innominate AG belongs to the leading Linux firms in Europe and
carries out projects in clustering and security, e-commerce,
databases, communication, and embedded systems. The company
provides complete services from consultation, to development and
implementation of individual solutions, to operations management
and support. Furthermore, innominate conducts Linux training at all