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LinuxPR: Conectiva receives investment from ABN AMRO Bank, Intel and LatinTech

Jan 16, 2001, 19:58 (1 Talkback[s])

"Conectiva announced today that it received a new equity investment from ABN AMRO Bank. Conectiva's existing investors, Intel Capital and LatinTech Capital, also invested in this round of financing. Financial details were not disclosed."

"Conectiva offers a Latin American version of Linux, as well as other additional products aimed at stimulating Open Source software adoption within the region. Conectiva will use the investments to help expand its service network to other Latin American locations; stimulate Open Source application software projects in vertical markets such as education, SOHO and public administration, among others; and consolidate its service provider partnership network in the supporting, consulting and training areas throughout Latin America."

Founded in 1995, Conectiva is a Linux and Open Source pioneer in Latin America with Portuguese, Spanish and English versions. In addition to deploying customized Linux versions throughout the Latin American market, Conectiva also develops additional products and services related to Open Source software, such as books, manuals, software, embedded systems, OEM programs, application porting initiatives, training kits and the Linux Magazine. The company also provides the Latin American market with consulting and training services, and technical support through its own service centers and certified affiliates.

Press Release