Enterprise Linux Today: TurboLinux Closes $30 Million Private Funding Round
Oct 11, 2000, 17:32 (0 Talkback[s])
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"TurboLinux, Inc., the high-performance Linux company, today
announced it has closed $30 million in a third round of funding
with global computing giants including FUJITSU LIMITED,
Hitachi, Ltd., IBM, SGI and SOFTBANK E-COMMERCE CORP. making their
first-ever investments in the company. Details of the
financing round were not disclosed."
More than 15 corporate and venture investors participated in the
round, including investment firms Deutsche Banc Securities and
H&Q Asia Pacific. Previous investors in TurboLinux who also
participated in the most recent round include August Capital, Dell
Ventures and Intel Capital."
"TurboLinux has made great progress this year in delivering
breakthrough products for Linux Internet infrastructure solutions
and we've announced a series of major technology partnerships and
customer reference wins around the world," said T. Paul Thomas,
president and CEO of TurboLinux. "We are pleased to see our hard
work and success recognized by investments from some of the world's
leading technology companies and venture capital firms."
"Investors participating in the TurboLinux funding round
announced today include August Capital, CTC, Dell Ventures,
Deutsche Banc Securities, FUJITSU LIMITED, Global Alliance Inc.,
H&Q Asia Pacific, Hitachi, Ltd., IBM, INTEC Inc., Intel
Capital, I.T. Electronics Corporation (formerly Nichimen Electronic
Components Corp.), ITOCHU Corp., ITOCHU International Inc., ITX
Corp., OBIC Business Consultants Co. Ltd., SGI, SOFTBANK E-COMMERCE
CORP. and Toyo Information Systems Co., Ltd."