SuSE Linux announces new financing round

Open-source software maker SuSE Linux AG has received a financial shot in the arm, announcing Monday a new round of investment worth 15 million euros (US$14 million).

"SuSE stands on solid financial footing," said spokesman Christian Egle.

Most of the new financing comes from e-millennium 1, a venture capital and private equity company that focuses its attention on Europe and whose investors include Accenture Ltd., Deutsche Bank AG, and SAP AG, Egle said. The firm has already taken two seats on SuSE's board of directors.

Questions about the company's future have circled since August, when President and Chief Technology Officer (CTO) Dirk Hohndel stepped down, just a month after Chief Executive Officer (CEO) Roland Dyroff was replaced.

SuSE will continue restructuring, cutting around 120 jobs from its workforce of 500 by the end of the year, Egle said.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Rick Perera

Computerworld

Comments

Comments are now closed.

Most Popular Reviews

Follow Us

Best Deals on GoodGearGuide

Shopping.com

Latest News Articles

Resources

GGG Evaluation Team

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Steph Mundell

LIFEBOOK UH574

The Fujitsu LifeBook UH574 allowed for great mobility without being obnoxiously heavy or clunky. Its twelve hours of battery life did not disappoint.

Andrew Mitsi

STYLISTIC Q702

The screen was particularly good. It is bright and visible from most angles, however heat is an issue, particularly around the Windows button on the front, and on the back where the battery housing is located.

Simon Harriott

STYLISTIC Q702

My first impression after unboxing the Q702 is that it is a nice looking unit. Styling is somewhat minimalist but very effective. The tablet part, once detached, has a nice weight, and no buttons or switches are located in awkward or intrusive positions.

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?