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DMac
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re: Cavium to buy MontaVista Software for $50 million
DMac   11/13/2009 12:02:25 AM
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Thanks for digging through MV's archives to highlight the level of investment the company has received. That's an important point that we should have included in the original story.

mkelly99
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Author
re: Cavium to buy MontaVista Software for $50 million
mkelly99   11/12/2009 7:10:53 PM
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From MV's own news archives: Jan. 2001 - "The company also secured over $30 million in funding from key investors, including Intel Corporation" March 2002 - "MontaVista announced the investment Tuesday, but didn't disclose how much Panasonic is investing." April 2004 - "MontaVista Software, Inc., the company powering the embedded revolution, today announced four new investors - Siemens Venture Capital, which leads the funding, as well as Samsung Ventures America, Infineon Ventures and China Development Industrial Bank. These investments in MontaVista Software, an embedded Linux platform and tools supplier, increase the company's cash reserves by $7 million. The total investment in MontaVista Software, since it was formed in 1999, is now more than $72 million." Dec. 2006 - "MontaVista Software, Inc., the leading global supplier of production-quality embedded Linux operating systems and development tools, today announced it has secured $21 million in funding led by Siemens Venture Capital. Also participating were NEC, Alloy Ventures, US Venture Partners, Aplix and others" They make it all sound so exciting and certainly if your business is to get funding and burn it, then they did a great job! At least $83M turned into $16M cash and stock that itself may or may not be worth anything! Great job Jim Ready, can you say Ponzi?

mkelly99
User Rank
Author
re: Cavium to buy MontaVista Software for $50 million
mkelly99   11/11/2009 7:09:48 PM
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Has anyone bothered to add up all the money sunk into MV over the years? I seem to remember $20M from Intel alone a few years back. What does this say about Linux as a business???

rain1977
User Rank
Author
re: Cavium to buy MontaVista Software for $50 million
rain1977   11/11/2009 1:39:59 PM
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CAVM can give turkey solution now!



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