Intel pumps VC cash into JBoss
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Posted in Financial News, 10th May 2004 14:13 GMT
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Java application specialist JBoss today received a vote of confidence from Intel - in the shape of a big investment. Intel Capital joined Accel Partners and Matrix Partners in raising $10m venture capital for the firm. The money will go on product development and marketing.
JBoss also gets access to Intel hardware and expertise. This should help get J2EE certification on Intel's Itanium and Xeon chips.
Marc Fleury, CEO at JBoss, said: "The momentum behind JBoss continues increasing rapidly, and Intel's global presence will further accelerate our opportunities...With J2EE certification progressing smoothly, this new influx of funding, resources and expertise will help us complete that initiative."
Intel also becomes a JBoss J2EE Certification Founders Program member, along with Borland Software Corporation, IONA, SchlumbergerSema, Sonic Software, Unisys and webMethods.®
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