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AllLinuxDevices: MontaVista Receives Investment from Intel

Sep 14, 2000, 12:08 (0 Talkback[s])

"MontaVista Software, Inc., developer of the Hard Hat Linux operating system for embedded applications, today announced it received an equity investment from Intel Capital. The agreement will help ensure that MontaVista's software will take advantage of the architectural benefits of the Intel XScale microarchitecture and the Intel StrongARM and IA-32 processor families. These microprocessor architectures involve multiple business units within Intel. Further details of the investment were undisclosed."

"There is a tremendous amount of momentum for OEMs designing products with the Intel StrongARM and Intel XScale microarchitecture, just as there is demand for utilizing the Linux operating system in these designs," said Peter Green, general manager of Intel Corporation's Handheld Computing Division. "MontaVista is an example of the type of company that can help make Linux more widely used for embedded applications."

"Said Jim Ready, MontaVista Software CEO, "The additional capital will be used to help us to speed up the introduction of new products and to expand our sales and support. We believe there is strong market confidence in embedded Linux as an operating system of choice for everything from small and emerging pervasive computing devices to telecommunications infrastructure systems and that open-source development is a solid business model."

Press Release