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Turbolinux Acquires Linuxcare
The addition of Linuxcare's services to the Turbolinux product line will allow an expanded product line as well as the global delivery of premier Internet infrastructure solutions, according to T. Paul Thomas, president and CEO of Turbolinux.The combined entity will focus on the global delivery of a range of Linux and open-source-powered Internet infrastructure solutions.
"Linuxcare is a leader in open-source knowledge and services employing some of the top Linux experts in the world," he said. "Together we are a powerful and complementary fit. This strategic acquisition accelerates and extends our service offerings to give our enterprise customers even greater assurance in building mission-critical business solutions."
The combined companies will operate as Turbolinux. As part of the agreement, Thomas continues as CEO while Arthur F. Tyde III, Linuxcare CEO and co-founder, becomes chief technology officer.
"This combination will create an exciting new force in the Linux and open-source space" said Tyde. "Turbolinux has been a strong partner for the past two years and we're excited about the expanded opportunities we can now deliver to our customers, partners and employees."
The newly formed entity already boasts a powerful list of financial backers and clients, Tyde added. "Our strategic partners and corporate investors include Compaq Computer, Dell, Fujitsu Siemens, Hewlett-Packard, Hitachi, IBM, Intel, Motorola, NEC, Novell, Oracle, SGI, Sun Microsystems and Toshiba," he said. "In North America, our enterprise customers, include American Red Cross, BMG, Corvis, Digital Island, First Interstate Bank, J.P. Morgan Chase, Pentagon, State Farm Insurance, Verizon, WSE/Honeywell and Xerox."
Turbolinux and Linuxcare additionally are backed by institutional investors August Capital, Deutsche Banc, Hambrecht & Quist Asia Pacific, Kleiner Perkins, Caufield & Byers, and Lehman Brothers.