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December 21, 2004

DoCoMo Invests in MontaVista

DoCoMo announced today that it has agreed with MontaVista Software Inc., a U.S. developer of Linux software for teleco equipment and mobile handsets, to invest $3 million in newly issued preferred stock for an equity stake in the company. DoCoMo has already introduced products equipped with MontaVista Linux. DoCoMo hopes the investment will allow it to efficiently improve and develop its Linux product offering.

The Sunnyvale, California-based company headed by James Ready, was founded in February 1999 and had 182 employees as of the end of November 2004. Press Release in English Here.

Related posts:

  1. NEC Establishes Linux Partnership
  2. Aplix Reaches Agreement for Linux
  3. DoCoMo to offer Linux-based 3G phones
  4. LiMo Foundation Gaining Membership
  5. DoCoMo Announces New Investments

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