PRNewswire: Inprise/Borland Announces Venture Fund

[ Thanks to jeremiah for this link.

“Inprise/Borland’s (Nasdaq: INPR) interim president and chief
executive officer Dale Fuller today announced plans to invest $60
million in start-up businesses focused on wireless technologies,
Internet Access Infrastructure, and Linux applications and
technologies. The announcement was made today at the Needham &
Company’s 2nd Annual Growth Conference in New York City….”

“Technology companies can no longer expect to build it all,”
said Fuller. “Start-ups are able to move more aggressively and
respond to market opportunities more quickly than established,
larger companies. This new model will allow us to leverage our
strong technological and intellectual property strengths, while
ultimately delivering more complete solutions to the marketplace.
We believe this partnering approach, which preserves the
independent entrepreneurial spirit of the start-up, will yield far
better results than acquiring the companies outright.”

“There are numerous quality investments we can make right away
which are central to our strategy, which is to help companies
conduct business over the Internet,” said Fuller. “We expect to
invest primarily in start-ups whose missions reinforce our primary
initiatives — to provide services to ASPs, business to business
E-commerce, and Linux markets.

Press Release