NTT DoCoMo to acquire stake in MontaVista Linux software developer
Posted: 22-Dec-2004 [Source: NTT DoCoMo] [NTT DoCoMo to invest $3 million in MontaVista Software, a developer of Linux software for telecommunications equipment and mobile handsets.] Tokyo -- NTT DoCoMo, Inc. announced that today it agreed with MontaVista Software Inc., a U.S. developer of Linux software for telecommunications 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 products. 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.
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