August 24, 2000

Innominate AG gets cash infusion

Author: JT Smith

From a press release at PRnewswire: Linux service provider innominate AG announced on Thursday that it has recently received DM 16.2 million new capital from a number of new investors. The money is to be used for the expansion of the European branch network and the development of new Linux products. Furthermore, promotion of the brand name "innominate" which represents professional Linux services and products, is planned, stated innominate's CEO Raphael Leiteritz. As a medium-term goal, the company is striving towards European market leadership in Linux service providing.

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