“Somewhat ignored by the IPO-oriented acclaim that has
illuminated Red Hat and (soon) VA Linux Systems, SuSE recently
scored major financial backing from dominant chip maker Intel and a
venture capital group called Apax Partners. The arrangement, if
approved by SuSE shareholders, will bring over $12 million (funding
will actually be in euros) to fuel SuSE’s growth efforts
internationally.“
“As reported in the E-Commerce Times, the funding will help SuSE
set up sales and support centers in Europe and the United States.
For Intel, the deal with SuSE helps the chip maker establish a
market for Intel-based Linux computers in Europe, SuSE’s area of
market leadership.”
“Said Roland Dyroff, chairman of SuSE Linux, “This investment
will enable us to continue to pursue our strategy of growth in the
rapidly expanding Linux market segment. With the funds from Apax
and Intel, we have acquired international investors who, through
their market expertise and strategic network of contacts, will be
instrumental in SuSE’s expansion and IPO efforts.”