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CNET News.com: Kleiner backing, new CEO boost Linuxcare

“Fernand Sarrat, 48, the former chief executive of Cylink and
before that a general manager at IBM, took over the reins today at
Linuxcare… Arthur Tyde, Linuxcare’s founder, will become
executive vice president.”

“As previously reported, venture capital powerhouse Kleiner
Perkins Caufield and Byers invested in Linuxcare. … Kleiner
Perkins general partner Ted Schlein now is a member of Linuxcare’s
board of directors.”

“Linuxcare made its first pitch to Kleiner Perkins in late
February, Tyde said. About two months later, the deal was closed.
‘You go into Kleiner with a certain amount of fear. They’re
basically the guys,’ Tyde said.”

Complete
Story

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