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Enterprise Linux Today: TurboLinux Closes $30 Million Private Funding Round

Oct 11, 2000, 17:32 (0 Talkback[s])

"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."

Press Release