Mandriva Saved By New Investors

Written By
Web Webster
Web Webster
Jun 22, 2010

[ Thanks to Caitlyn Martin for this link.
]

“After weeks of concern about the “catastrophic state
of it’s finances” and an indefiniete delay in the release of
version 2010.1, the French website LeMagIT is reporting that
Mandriva has been saved by new investors. The article quotes
Mandriva Director General Arnaud Laprévote: “Today the
company found investors who decided to invest in the company, in
order to give balance to the organization and to find a good
economic model.” He added that “the community and users no longer
need be concerned.” Due to regulations regarding confidentiality
the identity of the new investors was not disclosed.
Laprévote went on to explain: “we were aware that the
existence of Mandriva was threatened, and today that is no longer
the case.”

“There has been a great deal of speculation regarding potential
buyers…”


Complete Story

Web Webster

Web Webster

Web Webster has more than 20 years of writing and editorial experience in the tech sector. He’s written and edited news, demand generation, user-focused, and thought leadership content for business software solutions, consumer tech, and Linux Today, he edits and writes for a portfolio of tech industry news and analysis websites including webopedia.com, and DatabaseJournal.com.

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