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PRNewswire: ID-PRO AG... LINUX Service Provider Is Seeking to Boost Its International Expansion

Aug 25, 2000, 14:57 (0 Talkback[s])


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[ Thanks to www.linuks.net for this link. ]

"By announcing a new capital increase ID-PRO AG, one of Europe's leading GNU/LINUX service providers, is signaling the next phase in its expansion strategy. As ID-PRO Finance Director Rainer Lulsdorf confirmed on Tuesday morning, the company is expecting an injection of cash assets of between 7 and 10 million euros from the capital increase. The funds should serve to further expand the company's position in the fast growing German LINUX market and to boost its international expansion."

"ID-PRO sees itself as an independent interface between the Open Source Community and the business world and offers professional know-how for the use of GNU/LINUX and Open Source Software at companies and public authorities. With its branch network and a range of products and services embracing consultancy, training, comprehensive support and ready-made standard products, ID-PRO offers its professional users access to the benefits of Open Source Software. With this business model ID-PRO clearly sets itself apart from LINUX distributors such as Red Hat or LINUX hardware suppliers such as VA Linux, concentrating with the slogan "Software is Service" on the core of the open source business model, an approach which is supported not least by the studies conducted by Booz Allen & Hamilton (http://www.bah.com/greatideas/LinuxWhitepaper.pdf) and WR HAMBRECHT (May 23, 2000, Open Source: Sizing the Linux Opportunity)."

"With branches operating in six German economic centres as well as in London and with around 110 employees by the beginning of August, we are now already one of the key players in the international LINUX business," continues Lulsdorf. "To be able to continue to meet demand in the European open source market and build on our position, our operations above all are to undergo massive expansion in the coming months and our drive for international expansion is to be strengthened." According to Lulsdorf, this will also prove decisive in paving the way for a flotation later on. The company did not cite a specific timetable for the IPO."

Press Release