SALT LAKE CITY, Nov. 4 /PRNewswire/ -- Linux Networx, the innovation
leader in Linux cluster systems for high performance and technical computing,
announced today it has closed $40 million in Series B funding. Oak Investment
Partners led the round, which also included new investor Tudor Ventures.
Linux Networx builds some of the world's most powerful Linux cluster
systems for commercial and government organizations. Its innovative products
enable industry leaders in manufacturing, aerospace, oil & gas, life sciences
and scientific research to address society's most complex problems.
"Linux Networx has consistently been the leader in cluster technology with
our expertise, solutions and services, and we will continue to blaze the trail
in this market to help our customers accomplish their computing goals," said
Bernard Daines, CEO of Linux Networx. "Organizations can look to Linux
Networx to provide productive, innovative cluster technology to address the
growing needs of the technical computing marketplace."
The funding will allow Linux Networx to expedite the introduction of
next-generation technologies that enhance the productivity and efficiency of
cluster computing. Linux Networx also plans to expand its reach into markets
that can benefit from highly productive cluster computing and increase its
presence in North and South America, Europe, Middle East, Africa (EMEA) and
"Linux Networx has established itself in the high-performance computing
market with the successful delivery of some of the world's most powerful Linux
clusters," said Addison Snell, research director for High-Performance
Computing at IDC. "This funding announcement is an endorsement of Linux
Networx and its vision in technical computing."
Ed Glassmeyer, founding general partner of Oak Investment Partners, will
join Linux Networx's board of directors.
"Fluent relies on Linux cluster technology to produce fast, accurate
results for our software development, as well as support the mission-critical
operations of our customers," said Paul Bemis, vice president of Fluent, Inc.
"Linux Networx's unmatched cluster expertise and commitment to delivering
productive, efficient computing systems makes them the ideal partner for
delivering powerful cluster computing technology to the manufacturing market."
Revolution Partners acted as the Placement Agent for Linux Networx.
Linux Networx also announced today a new scalable storage technology,
called the Xilo(TM) scalable storage system, that combines storage devices,
management software, and the most scalable file systems into an easy-to-
administer storage appliance. For more information and technical
specifications about the Xilo storage appliance, visit
About Linux Networx
Linux Networx enables organizations to accelerate product development and
research by improving the performance and reducing the cost of high
performance computing. Linux Networx provides proven cluster computing systems
that deliver maximum sustained performance and high return on investment to
our customers. The company's computing systems are used for simulation,
analysis and modeling. Through its innovative Evolocity(R) hardware, cluster
management tools and professional service and support, Linux Networx provides
end-to-end clustering solutions. To date, the company has built some of the
fastest cluster systems in the world, and boasts numerous Fortune 500
customers. For more information about Linux Networx, visit
About Oak Investment Partners
Established in 1978, Oak Investment Partners is a venture capital firm
with a strong track record as a stage-independent investor. To date, Oak has
funded more than 350 companies with aggregate annual revenues in excess of $60
billion. Oak's investment strategy focuses on growth opportunities in
enterprise application and infrastructure software, communications equipment
and services, data storage, outsourced services, financial services
technology, and healthcare services. Located in Westport, CT, and with
offices in Minneapolis, MN, and Palo Alto, CA, Oak concentrates on building
long-term relationships with experienced management to develop successful
companies that deliver consistent performance over time such as AthenaHealth,
Compaq, Genzyme, Parametric Technology Corporation, PictureTel (now part of
Polycom), Polycom, SanDisk, Seagate Technologies, Sybase, Synopsys, Telica
(acquired by Lucent), Wellfleet (acquired by Nortel) etc. For additional
information visit www.oakvc.com
About Tudor Ventures
Tudor Ventures is the venture capital and private equity arm of Tudor
Investment Corp., an internationally recognized, diversified investment
management firm with total assets under management in excess of $8.7 billion.
Since the early 1990's, Tudor and its principals have invested in over 75
companies, with a strong record of investment success, and currently manage
over $500 million in private equity investments.
SOURCE Linux Networx