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
"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
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 firstname.lastname@example.org 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
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SOURCE Lineo, Inc.