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INDUSTRY LEADERS INVEST IN CALDERA SYSTEMS, INC. Sun, Citrix, Novell, SCO, Egan-Managed Capital and Chicago Venture PartnersTake Equity Positions in Linux Company. Submitted by: Archetype (Text100) Tuesday, 11 January 2000 OREM, UT - January 10, 2000 - Caldera Systems, Inc., today announced that it will receive $30 million in private equity financing from technology and investment leaders including: * Sun Microsystems, Inc. * Citrix * Novell * SCO * Chicago Venture Partners * Egan-Managed Capital Caldera Systems will use the capital provided by these investors to fund operations and accelerate the growth and acceptance of Linux. "We are encouraged by the support of these technology leaders - which we take as an endorsement of the Linux industry as a whole and the Open Source movement in particular - and we look forward to their strategic counsel," said Ransom Love, President and CEO of Caldera Systems, Inc. "Given our strategic goal of enabling access to any application on any platform with any device, an investment in a Linux company such as Caldera makes perfect sense," according to John Cunningham, Citrix Chief Financial Officer. "Sun's investment in Caldera is a testament to our support of Open computing," said Jonathan Schwartz, vice president of Sun's Equity Investment Portfolio. "We're the leading provider of UNIX server systems and a longtime supporter and supplier of Open Source technologies," said Mike Orr, senior vice president of Marketing, SCO. "We look forward to furthering the relationship with Caldera by working together on initiatives that bring Linux and UNIX closer together." "Novell is the broadest supplier of Net infrastructure software," said Carl Ledbetter, Novell senior vice president for business and corporate development. "We look forward to working with Caldera in the Linux market to create new platform options for our customers and new opportunities for our Page 1 business." Caldera Systems Board of Directors With these investments, Caldera will be adding four seasoned executives to its Board of Directors, including: Ed Iacobucci, chairman and chief technology officer of Citrix and John Egan, former executive vice president of EMC Corporation and current general partner of Egan-Managed Capital. "Caldera's position in Linux market attracted us to this investment," noted John Egan of Egan-Managed Capital. "We look forward to broadening their presence in this emerging market." Caldera Systems, Inc. Caldera Systems, Inc. designs, develops and markets Linux-based business solutions, including OpenLinux, NetWare for Linux, Linux technical training, certification and support. Caldera Systems is a leader in, and supporter of Linux Standard Base (LSB) and Linux Professional Institute (LPI). Caldera Systems offers a comprehensive line of services including on-site consulting, 24x7 support-up to and including-on-site board swap. Caldera Systems Authorized Linux Education Centers (ALECs) offer distribution-neutral Linux training and certification based on LPI certification standards. For information on Caldera Systems education and training, visit www.linuxeducation.com. Caldera Systems, Inc. is based in Orem, UT., with offices and 950+ resellers worldwide. Please visit Caldera Systems at www.calderasystems.com. In the US, please call 888-GO-Linux (888-465-4689). In Europe, please call (801) 765-4999 or contact us via E-mail at [email protected]. To become an OpenLinux reseller, please visit www.calderasystems.com/partners/var. About Chicago Venture Partners Chicago Venture Partners (CVP) is a venture capital firm investing in growth stage technology companies in the United States. CVP is licensed as a small business investment company and, together with affiliated entities, manages more than $45 million. The technology emphasis includes the Internet, software, IT Services and telecommunications industries. During its first five quarters of investment activity, CVP provided expansion capital to seven companies, including Caldera Systems, IKANO Communications, PowerQuest Corporation, Streamline Solutions, Perceptual Robotics, Alert Cellular and OpenOrders. Chicago Venture Partners is actively seeking additional investment opportunities. John Fife, its founder and managing general partner, can be reached by telephone at (312) 297-7000 or via e-mail at [email protected]. Page 2 About Citrix Citrix Systems, Inc. is the global leader in application-server software and services that offer "Digital IndependenceTM" - the ability to run any application on any device over any connection, wireless to Web. Citrix's solutions enable organizations of all types, from major enterprises to emerging Application Service Providers (ASPs), to reach more users, with more applications, in more locations - and achieve this with record speed, greater predictability and lower costs. Founded in 1989, Citrix today is one of the world's fastest-growing software companies, with more than 100,000 customers worldwide, including 99 of FORTUNE 100 firms. Its products, including MetaFrameTM software and Independent Computing Architecture (ICA(), a core application-server technology, have been widely adopted by the corporate mainstream to achieve key business goals. The firm, which markets its solutions through value-added resellers, system integrators and OEM licensees, is headquartered in Fort Lauderdale, Fla. Citrix is traded on the Nasdaq National Market under the symbol CTXS and was recently named to the Standard & Poor's 500 Index. For more information, please visit the Citrix Web site at http://www.citrix.com About Novell (NASDAQ: NOVL) Novell, Inc. is the broadest supplier of Net infrastructure software used to manage and integrate the diverse resources of private business networks and the Internet. Novell's consulting, developer, education and technical support programs are the most extensive in the network computing industry. For information on Novell's complete range of products and services, contact Novell's Customer Response Center at (888) 321-4CRC (4272), or visit Novell's Web site at http://www.novell.com. Press may access Novell announcements and company information on the World Wide Web at http://www.novell.com/pressroom. About SCO SCO (NASDAQ: SCOC), is a global leader in server-based software for networked business computing. SCO is the world's number one provider of UNIX server operating systems, and the leading provider of network computing software that enables clients of all kinds - including PCs, graphical terminals, NCs, and other devices - to have Webtop access to business-critical applications running on servers of all kinds. SCO designed Tarantella software, the world's first web-enabling software for network computing. SCO sells and supports its products through a worldwide network of distributors, resellers, systems integrators, and OEMs. For more information, see SCO's home page at www.sco.com. Page 3 About Sun Microsystems, Inc. Since its inception in 1982, a singular vision - The Network Is The Computer( -- has propelled Sun Microsystems, Inc. (Nasdaq: SUNW), to its position as a leading provider of industrial-strength hardware, software and services that power the Internet and allow companies worldwide to ".com" their businesses. With $12.4 billion in annual revenues, Sun can be found in more than 170 countries and on the World Wide Web at http://www.sun.com. Caldera Systems, Inc. is a Canopy Group holding under the Ray Noorda/Canopy Group Investment Company. Ray Noorda is the former CEO of Novell, Inc. (NASDAQ:NOVL) Caldera is a registered trademark of Caldera, Inc. All other products, services, companies, events and publications are trademarks, registered trademarks or servicemarks of their respective owners in the U.S. and/or other countries. LINUX is a registered trademark of Linus Torvalds. SCO, The Santa Cruz Operation, the SCO logo and Tarantella are trademarks or registered trademarks of The Santa Cruz Operation, Inc. in the USA and other countries. UNIX is a registered trademark of The Open Group in the US and other countries. Press Only Contacts: Caldera Systems, Inc Nancy Pomeroy [email protected] (801) 765-4999 Chicago Venture Partners Jon Hansen [email protected] (312) 565-4486 Citrix Page 4 Joseph Horine [email protected] (954) 267-3042 Egan-Managed Capital Mike Shanahan [email protected] (617) 695-2600 Novell Jonathan Cohen [email protected] (408) 967-7268 SCO Monika Laud [email protected] (831) 427-7421 Sun Microsystems, Inc. Anne Little [email protected] (650) 786-6702 Page 5 Distributed via Press Release Wire (https://pressreleases.responsesource.com/) on behalf of Archetype (Text100) Copyright © 1999-2021 ResponseSource, The Johnson Building, 79 Hatton Garden, London, EC1N 8AW, UK e: [email protected] t: 020 3426 4051 f: 0345 370 7776 w: https://www.responsesource.com.
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