AXA FUND TAKES EQUITY POSITION IN MANDRAKESOFT.MandrakeSoft, Pasadena, Calif., publisher of the popular Linux-Mandrake operating system operating system (OS) Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs. , has announced that the Investment Fund of AXA AXA Anguilla, Anguilla (Airport Code) AXA Alpha Chi Alpha AXA Animal Crossing Ahead (online forum community/guide to the game Animal Crossing) AXA Auxiliary Artery , AXA Placement Innovation, took an equity position in the company to fuel its aggressive growth. AXA Placement Innovation specializes in financing promising high tech companies. "We believe that MandrakeSoft is poised to be a dominant player in the emerging but potentially huge Linux market," said Peter Bieliczky from AXA Investment Managers Group. "MandrakeSoft has evolved very quickly since its inception a few months ago and we are strong believers in the Linux-Mandrake strategy and team." "We feel pretty excited about this investment that means a recognition of our strategy by a world class investor, and will help us keeping our pace of expansion," said Jacques Le Marois, president, MandrakeSoft. "We now have the fuel to finance even more open-source projects and consolidate our position as one of the major Linux distribution The Linux operating system packaged for customers for a fee. It includes the Linux kernel, essential operating system components from the GNU Project, an installation program, various open source utilities and applications, documentation and technical support. players." About Linux-Mandrake Linux-Mandrake is a user friendly Linux operating system that can be used at home or in the office. Linux-Mandrake won two awards at LinuxWorld Expo in August 99 for Best Product of the Year and Best Linux Distribution/Server, and was a finalist for the Linux Distribution/Client Award. Linux-Mandrake 6.0 features the "Mandrake mandrake, plant of the family Solanaceae (nightshade family), the source of a narcotic much used during the Middle Ages as a pain-killer and perhaps the subject of more superstition than any other plant. touch," MandrakeSoft's signature graphical interfaces See GUI. that give users selected desktop icons including easy CD-ROM CD-ROM: see compact disc. CD-ROM in full compact disc read-only memory Type of computer storage medium that is read optically (e.g., by a laser). and floppy disk access and easy Internet upgrades using the "Mandrake Update" icon. It also features Pentium optimization with performance enhancement from 5 to 30%, scalable font A font that is created in the required point size when needed for display or printing. The dot patterns (bitmaps) are generated from a set of outline fonts, or base fonts, which contain a mathematical representation of the typeface. support and KDE/Gnome. LinuxMall, the largest online reseller of Linux products, reports that Linux-Mandrake was its best selling product in July. About AXA With assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. valued at nearly US$ 655 billion and earnings of US$ 1.7 billion in 1998, AXA is one of the world's leading insurers and asset managers. About MandrakeSoft Founded in 1998 on the Internet, MandrakeSoft publishes the user friendly and popular open-source Linux-Mandrake operating system, which is compatible with the leading Red Hat Linux Red Hat Linux, assembled by Red Hat, was a popular, "middle-aged" Linux distribution (not as old as Slackware but older than Ubuntu) upon its discontinuation in 2004.[1] Red Hat Linux 1.0 was released on November 3, 1994. (TM) distribution. MandrakeSoft is headquartered in both Europe (France), and the U.S., with offices in Germany. MandrakeSoft signed a strategic partnership with MacMillan, and today, Linux-Mandrake counts thousands of contributors around the world. MandrakeSoft is the originator of several other innovative Open Source cooperative projects that focus on ease of use, including Lothar, an automatic hardware configuration, Linux4Windows, which allows users to install and use Linux directly on top of a Windows directory, and the DiskDrake hard-drive partitioning tool. For more information on Linux-Mandrake and additional products, visit http://www.linux-mandrake.com. For more information, call 818/834-9860. |
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