Linux Today - LinuxPR: Lutris Technologies Receives Investment From the Intel 64 Fund and Trans Cosmos
Summary
"Lutris to utilize investment to help increase industry momentum of the Enhydra Application Server." "Lutris Technologies, a leader in Open Source Java/XML application server software and associated professional services, today announced the successful completion of its Series B round of financing. Investors in the current round include the Intel 64 Fund and Trans Cosmos USA, a leading global strategic investment and business development company with experience in helping Internet companies expand into the Asian market. "With its latest round of funding, Lutris has taken a major step toward enabling itself to execute on its strategy for making its Open Source application server product, Enhydra, a viable and attractive option," commented Steve Garone, Program Director for Application Development & Deployment at International Data Corporation. "If Lutris can successfully implement their promised world-class support and services for Enhydra, and deliver a truly enterprise-scalable product early this year, theyll be well positioned to become a serious player in the application server market."