Lineo Receives $20 Million Investment Strategic Embedded Industry Powerhouse Investors

Include Sun Microsystems and Hitachi, Ltd.



    SALT LAKE CITY, Aug. 20 /PRNewswire/ -- Lineo(R), Inc., the leading
 innovator in embedded systems and real-time computing, today announced the
 closing of a strategic investment round of $20 million, bringing the overall
 investment total in Lineo to $57 million.
     "Investments by embedded industry powerhouses like Sun Microsystems and
 Hitachi demonstrate confidence in the continued success of Lineo's core
 business -- combining open source and proprietary software and solutions,"
 said Bryan Sparks, CEO and chairman of Lineo, Inc.  "To our knowledge, we are
 the only embedded Linux company that has recently received significant
 strategic investments.  Our Q2 revenues place Lineo in the lead among embedded
 Linux companies."
     "Lineo and Sun share the goal of providing products and services built on
 open standards that offer rapid time-to-market and stability," said Brian
 Sutphin, vice president of Strategic Investments for Sun Microsystems.  "Lineo
 is addressing a key embedded systems market, and Sun is pleased to support
 Lineo's development of highly-available, real-time solutions for that emerging
 market."
     Strategic investment dollars in this round of financing came from:
     --  Sun Microsystems          www.sun.com
     --  Hitachi, Ltd.             http://global.hitachi.com
     --  Canopy Group              www.canopy.com
     --  Egan Managed Capital      www.egancapital.com
 
     Investment dollars received from this round are targeted at the continuing
 development of Lineo's market leading embedded tools, hard real-time embedded
 Linux, DSP support and vertical market solutions.
 
     About Lineo, Inc.
     Lineo, Inc. provides embedded systems and real-time solutions that include
 software, hardware reference designs and professional services.  Lineo's
 solutions allow OEMs to create devices and systems that interact with the
 Internet while helping OEMs to reduce system requirements, per-unit costs and
 time-to-market.  The company's key product lines include: Embedix(TM)
 (embedded Linux system software), uClinux(TM) (embedded Linux for MMU-less
 processors), SecureEdge(TM) (Linux-based Internet appliances for secure
 networking), RTXC(TM) (general purpose and DSP real-time operating system),
 BeaconSuite(TM) (x86 development toolkit) and RTXC(TM) Quadros(TM) (a
 real-time operating system for multi-processor devices).  Contact Lineo at
 www.lineo.com, via e-mail to info@lineo.com or by calling (801) 426-5001.
 
     Lineo is a registered trademark of Lineo, Inc.  Linux is a registered
 trademark owned by Linus Torvalds.  All other products, services, companies
 and publications are trademarks or registered trademarks of their respective
 owners.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X31193922
 
 

SOURCE Lineo, Inc.

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.