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 Asia Pacific. "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 www.linuxnetworx.com/xilo. 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 www.linuxnetworx.com. 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