Novell has taken a minority stake in Red Hat Software and four Web related companies in an attempt to push Novell Directory Services (NDS) and Netware further into the Internet and ecommerce arenas.
The networking giant announced that Novell Ventures has invested $15 million in Red Hat, Edgix, Food.com, Indus River and WR Hambrecht in its third round of financing. Novell Ventures’ focus is to fund companies that support NDS and Java based applications.
Chris Stone, Novell’s senior vice president for strategy and corporate development, said: " Novell continues to build an ecosystem of developer and investment partners around the Netware platform and NDS. Novell Ventures provides a vehicle through which we can accelerate directory developments that enhance the value our customers derive from their business networks and the Internet."
He added that Novell was working cooperatively with several of the Venture’s partners and the investments were consistent with its strategy of pushing NDS into many different markets.
For example, the Novell Internet Caching System (ICS), which boosts the performance of Web sites, will provide the foundation for Edgix’s content delivery software. This will preserve Internet bandwidth and accelerates Internet traffic flow and is targeted at the ISP and enterprise market.
Indus River, which is developing Virtual Private Network (VPN) technology, will use NDS to simplify VPN deployment and administration and enhance network management and security.
Food.com, on the other hand, has established the US’s largest online shopping mall for food takeout and delivery, WR Hambrecht & Company has built an OpenIPO electronic auction based method of conducting initial public offerings, while Red Hat sells its version of the Linux open source operating system and related applications and services.
In August and December of 1998, Novell made similar investments in nine software companies - eCommerce, Evergreen Internet, Globalcast Communications, Netpro Computing, Netobjects, Netvision, Objectspace, Oblix, and Orbital Technologies.
It also has stakes in venture capital firms such as Advent International, Battery Ventures, The Java Fund and Technology Crossover Ventures.
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