"The firm reeled in $30 million of third-round funding from the
likes of Fujitsu Limited, Hitachi, Ltd., IBM, SGI and Softbank
Ecommerce Corp. several months after it axed 70 employees and its
skipper stepped down."
"Specifically, proceeds from the third funding round will be
used to help expand TurboLinux's worldwide services, sales,
development and marketing programs...."
"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, who took over for Cliff
Miller in June."