TurboLinux Gets $30M from Fujitsu, IBM, Others

Linux vendor TurboLinux Wednesday announced the acquisition of a $US30 million third round of funding.

The new money is the second round of cash received by the Brisbane, California-based Linux software company this year. In January, the company received a $57 million round of funding.

The investment is being made by Fujitsu Ltd., Hitachi Ltd., IBM, Silicon Graphics Inc., Softbank E-Commerce Corp. and other corporate and venture investors, including investment firms Deutsche Banc Securities and Hambrecht & Quist Asia Pacific.

Previous investors in TurboLinux who also participated the current funding include August Capital, Dell Ventures and Intel Capital.

Further details of the financing round weren't disclosed.

Lonn Johnston, a TurboLinux marketing vice president, said today that the new cash infusion is especially pleasing because it includes some of the best known strategic partners in the industry.

"These people are going to be the real key market influences on Linux in the next few years," Johnston said.

In its first round of funding in September 1999, TurboLinux received between $US8 million and $US10 million.

Dick Sullivan, vice president of IBM Software's Integrated Solutions department, said in a statement that IBM's investment in TurboLinux "is just the latest example of our commitment to Linux and Open Source."

"Customers around the world are looking to IBM for our leadership in delivering Linux solutions across all of our hardware, software and services offerings," Sullivan said.

Proceeds from the third funding round will be used to help expand TurboLinux's worldwide services, sales, development and marketing programs, the company said.

Founded in 1992, TurboLinux provides Linux software-clustering technologies and other Linux products.

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