“Inprise/Borland is teaming with a range of unnamed venture
capitalist organisations to fund the spinoff of a new company to
house its Interbase database.”
“Dale Fuller, Inprise/Borland’s interim chief executive, said:
‘By combining the Interbase technology with an experienced
management team in a startup environment, we are enabling users to
leverage the power of this world class database for multiple
platforms.’
The firm will take some of the cash for the new venture from a
$60 million fund that it announced in January to invest in startups
that are developing applications based on Linux, Internet and
wireless technology.”
“Back in January, Inprise/Borland announced that the upcoming
release, version 6.0, would support two more operating
environments, Linux and Sun Microsystems’ Solaris, on top of its
traditional Microsoft Windows and Novell Netware platforms. The
company also said it would release Interbase source code to the
open source community.”