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LinuxPR: 16.2 million DM Venture Capital for Linux service provider innominate AG

Aug 24, 2000, 17:07 (0 Talkback[s])

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"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 its locations."

Press Release