European Linux Integrator Collax Receives Investment from Intel Capital
| Investment increases Germanys Collax Series A investment to $8.4 million |
San Francisco/Munich 7 February 2006 Collax, a European vendor of Linux-based server technology, announced today that Intel Capital has invested as part of the companys Series A investment round, bringing the total investment to $8.4 million. Previous investors in the round include Atlas Venture Partners and Wellington Partners.
Collax will use the funds to expand its rollout in Europe and enter the U.S. market in Q3 2006 -- capitalizing on the increasing customer demand for low cost, easy-to-use open source-based server solutions.
Collaxs key product -- the Collax Business Server -- integrates critical security, network infrastructure and communication functions via a transparent and user-friendly interface. Server functionality includes file, email, fax, proxy and web servers in addition to routers and VPNs and security applications such as firewalls, anti-virus servers, anti-spam and web content filters. All this functionality is accessed via a transparent and user-friendly interface, shielding the user from the complexity of Linux and the best-of-breed open source components that comprise the Collax solution. No Linux knowledge is required to install and run the Collax Business Server.
The IDC study The Linux Marketplace estimates that the open source server market is growing at 26 percent -- expected to reach a volume of $11 billion in 2008. The adoption of simple, low cost, easy-to-use open source solutions will expand the market and accelerate growth, says Olaf Jacobi, chief executive officer, Collax. We plan to specifically address this SMB market opportunity as we are currently in Europe -- with an expected US launch in Q3 2006.
Collaxs product and sales strategy is clearly focused on the needs of the small to medium sized business, says Klaus Konrad, Investment Manager at Intel Capital. We are excited about working with Collax as it continues to expand its customer base, accelerating deployment of dedicated solutions for this market segment.
About Collax - www.collax.com
Collax makes information technology as easy to use as your stereo hi-fi. Under the motto Simply Linux the company offers a Linux-based server solution (with or without hardware) for small and medium-sized businesses, and branches and subsidiaries. The software solution turns any PC into a multifunctional server that combines all the important security, network infrastructure and communication functions, making it significantly cheaper than comparable products. The software functions range from file, email, fax, proxy and web servers through routers and VPN (Virtual Private Network) to firewalls, anti-virus servers, and anti-spam and web content filters. All this resides on a transparent and user-friendly interface, behind which the complexity of Linux and all best-of-breed open source components are concealed from the user. There are currently around 7,800 commercial installations of the Collax Business Server. The company is based in San Francisco and in Munich/Ismaning, Germany.
About Intel Capital
Intel Capital, Intels venture investment program, focuses on making minority equity investments to grow the Internet economy in support of Intels strategic interests. Intel Capital invests in hardware, software and services companies in several market segments, including computing, networking, and wireless communications. Intel Capital has invested more than US$4 billion in approximately 1,000 companies in more than 30 countries since 1991. Since its inception, about 160 portfolio companies have been acquired by other companies and another 150 have gone public on various exchanges around the world. Intel Capital employs investment managers in about 25 countries worldwide. Last year alone, Intel Capital invested more than US$130 million in about 110 deals with approximately 40 percent of its investments made outside the United States.
For more information contact www.intel.com/capital or Feroz Sanaulla, EMEA Marketing Manager at feroz.sanaulla@intel.com
Source The Linux Marketplace, IDC:
http://www.osdl.org/docs/linux_market_overview.pdf
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US Press contact:
Baker Communications Group
Bill Baker
Tel: +1 860-350-9100
wbaker@bakercg.com
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