Atipa Corporation to Receive $30 Million Investment
Feb 17th, 22:17 UTC
Third round of capital funding from Soros Private Equity Partners, TA
Associates, and WR Hambrecht + Co provides foundation for rapid growth
KANSAS CITY, Mo. (Feb. 17, 2000) - Atipa Corporation (d.b.a. Atipa Linux
Solutions) announced today that it is receiving more than $30 million in new
capital funding from an investment group led by investment affiliates of
Soros Private Equity Partners LLC, TA Associates, and WR Hambrecht + Co.
Atipa's third round of financing comes on the heels of several strategic
steps the company has taken recently toward its goal of being a leading
full-service provider of Linux solutions.
At the recent LinuxWorld Expo in New York, Atipa announced its acquisition
of Enhanced Software Technologies (EST). In January, Atipa announced that
Marc Torres, previously President of SuSE, Inc., had joined Atipa as Chief
Technology Officer to lead Atipa's research and development initiatives. In
addition, Kansas City-based Atipa announced that it was opening sales
offices in New York, San Francisco, and Austin.
"Atipa Linux Solutions is moving aggressively on several fronts to position
itself as a leading player in the expanding Linux marketplace," said Jason
Talley, CEO of Atipa Corporation. "This latest round of funding will enable
us to leverage significant capital resources in strategic initiatives that
are key to becoming a premier
Linux enabler."
"Atipa possesses one of the most comprehensive business models in the Linux
space. Their recent acquisition of EST and the hiring of Marc Torres to the
management team demonstrate Atipa's commitment to R&D and to providing a
complete Linux solution to customers. This additional funding will bolster
Atipa's already rapid growth," said Laurent Meynier of WR Hambrecht + Co.
Talley and his team of Linux professionals are working toward their goal of
becoming the leading full-service provider of Linux software, services, and
solutions.
Ken Schiciano, Managing Director of TA Associates said, "TA is excited to be
an investor in Atipa. We expect to work with the company to build the
management team, complete additional acquisitions, and help position the
company as a leader in the Linux market and contributor to the Linux
community."
About Atipa Linux Solutions
Founded in 1994, Atipa Linux Solutions is one of the largest suppliers of
pre-configured Linux workstations, servers, and clusters for information
management today. Best known as one of the first dedicated Linux solutions
companies, Atipa partners with other technology and market leaders to make
its products available in complete Linux solutions for businesses of all
sizes. Headquartered in Kansas City, Missouri, Atipa develops, manufactures,
licenses and markets solutions, products, technologies and services for
business, education, consumer, scientific and engineering, and government
customers.
Atipa provides Linux solutions based on Red Hat (Nasdaq:RHAT), SuSE,
Caldera, and Corel Linux (Nasdaq:CORL).
About Soros Private Equity Partners LLC
Soros Private Equity Partners LLC, an investment affiliate of Soros Fund
Management LLC, is responsible for making direct equity investments on
behalf of Quantum Industrial Partners LDC, a $3.5 billion investment fund
and one of the Quantum Group of Funds. Soros Fund Management is the
well-known investment advisory firm founded by George Soros.
About TA Associates
TA Associates, Inc. provides capital and strategic assistance to growing
companies. Founded in 1968, TA Associates is one of the largest growth
capital firms in the country with over $2.6 billion under management. Since
inception, TA Associates has invested in over 310 companies, and in the last
five years has raised over $4 billion in the public market. Other leading
companies in which TA has invested include Andover.Net, BSQUARE Corporation,
Finisar Corporation, and The Island ECN.
About WR Hambrecht + Co
WR Hambrecht + Co is an online investment bank founded by Silicon
Valley pioneer Bill Hambrecht. The company is dedicated to leveling the
playing field for investors by using technology to provide transparency in
capital markets. The firm leverages its expertise in the technology arena
to find early investing opportunities for its clients. WR Hambrecht + Co is
active in investment banking, electronic brokerage services, private equity,
mergers and acquisitions, advisory services, research, trading and
electronic underwriting through its Open IPO system.
For additional information about Atipa Linux Solutions, see Atipa on the Web
at www.atipa.com or call 1-800-360-4346.
Atipa Linux Solutions, Atipa Monolith Server, and the Atipa Linux Solutions
logo are trademarks of Atipa Linux Solutions. All other names and trademarks
mentioned above are held by their respective owners and hereby respectively
acknowledged.
Contact:
Darrek Porter
816/241-2641
dporter@atipa.com
Jeff Xouris
816/512-2314
mediainfo@atipa.com
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(Submitted by Martin Pitts of Linux Today)
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