Atipa Corporation to Receive $30 Million Investment.Business Editors KANSAS CITY, Mo.--(BUSINESS WIRE)--Feb. 17, 2000 Third round of capital funding from Soros Private Equity Partners, TA Associates, and WR Hambrecht + Co WR Hambrecht + Co. is a full service investment bank with headquarters in New York and San Francisco. It specializes in using its unique auction process called OpenIPO to compete with the traditional methods of larger and more established banks. provides foundation for rapid growth 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 (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , 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 EST electroshock therapy. EST abbr. electroshock therapy ). 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. &uot;Atipa Linux Solutions is moving aggressively on several fronts to position itself as a leading player in the expanding Linux marketplace,&uot; said Jason Talley, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Atipa Corporation. &uot;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.&uot; &uot;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& and to providing a complete Linux solution to customers. This additional funding will bolster Atipa's already rapid growth,&uot; 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: &uot;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.&uot; 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 Kansas City is the largest city in the state of Missouri. It encompasses parts of Jackson, Clay, Cass, and Platte counties and is the anchor city of the Kansas City Metropolitan Area, the second largest in Missouri, which includes counties in both Missouri and Kansas. , 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 RHAT Red Hat (stock symbol) RHAT Rainwater Harvesting Association of Tanzania RHAT Register Hba Attributes ), SuSE, Caldera caldera: see crater. caldera Large, bowl-shaped volcanic depression that forms when the top of a volcanic cone collapses into the space left after magma is ejected during a violent volcanic eruption. The term is Spanish for “caldron. , and Corel Linux (Nasdaq:CORL CORL Corel Corporation (stock symbol) CORL Coalition of Reef Lovers CORL capital outlay revenue limit CORL change-orientated reflective listening (psychotherapy) CORL Central Ontario Ringette League ). About Soros Private Equity Partners LLC Soros Private Equity Partners LLC, an investment affiliate of Soros Fund Management The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. LLC, is responsible for making direct equity investments on behalf of Quantum Industrial Partners LDC LDC See: Less developed countries LDC See less developed country (LDC). , a $3.5 billion investment fund and one of the Quantum Group of Funds Quantum Group of Funds are privately owned hedge funds based on Curacao(Netherlands Antilles) and Cayman Islands. They are currently advised by George Soros through his company Soros Fund Management. However it's not publicly disclosed who are the shareholders and owners of those 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 (Electronic Communications Network) A computerized, private financial trading system. Terra Nova Trading (www.terranovatrading.com) and Instinet (www.instinet.com) are examples. . 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 (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. 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. |
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