AXA Innovation Fund Takes Equity Position in Rising Linux Start-Up,
MandrakeSoft
PASADENA, Calif.--(BUSINESS WIRE)--Aug. 24, 1999--MandrakeSoft, publisher of the popular
Linux-Mandrake operating system, today announced that the Investment Fund of AXA, AXA Placement
Innovation, took an equity position in the company to fuel its aggressive growth.
AXA Placement Innovation specializes in financing promising high tech companies.
"We believe that MandrakeSoft is poised to be a dominant player in the emerging but potentially huge Linux
market," said Peter Bieliczky from AXA Investment Managers Group. "MandrakeSoft has evolved very
quickly since its inception a few months ago and we are strong believers in the Linux-Mandrake strategy
and team."
"We feel pretty excited about this investment that means a recognition of our strategy by a world class
investor, and will help us keeping our pace of expansion," said Jacques Le Marois, president,
MandrakeSoft. "We now have the fuel to finance even more open-source projects and consolidate our
position as one of the major Linux distribution players."
About Linux-Mandrake
Linux-Mandrake is a user friendly Linux operating system that can be used at home or in the office.
Linux-Mandrake won two awards at LinuxWorld Expo in August 99 for Best Product of the Year and Best
Linux Distribution/Server, and was a finalist for the Linux Distribution/Client Award.
Linux-Mandrake 6.0 features the "Mandrake touch," MandrakeSoft's signature graphical interfaces that give
users selected desktop icons including easy CD-Rom and floppy disk access and easy Internet upgrades
using the "Mandrake Update" icon. It also features Pentium optimization with performance enhancement from
5 to 30%, scalable font support and KDE/Gnome. LinuxMall, the largest online reseller of Linux products,
reports that Linux-Mandrake was its best selling product in July.
About AXA
With assets under management valued at nearly US$ 655 billion and earnings of US$ 1.7 billion in 1998,
AXA is one of the world's leading insurers and asset managers.
About MandrakeSoft
Founded in 1998 on the Internet, MandrakeSoft publishes the user friendly and popular open-source
Linux-Mandrake operating system, which is compatible with the leading Red Hat Linux(TM) distribution.
MandrakeSoft is headquartered in both Europe (France), and the U.S., with offices in Germany. MandrakeSoft
signed a strategic partnership with MacMillan, and today, Linux-Mandrake counts thousands of contributors
around the world.
MandrakeSoft is the originator of several other innovative Open Source cooperative projects that focus on
ease of use, including Lothar, an automatic hardware configuration, Linux4Windows, which allows users to
install and use Linux directly on top of a Windows directory, and the DiskDrake hard-drive partitioning tool.
For more information on Linux-Mandrake and additional products, please visit us at
http://www.linux-mandrake.com.
Note to Editors: Linux is a registered trademark of Linus Torvalds. Mandrake and Linux-Mandrake are
registered trademarks of MandrakeSoft. All other trademarks and copyrights are owned by their respective
companies.
CONTACT: MandrakeSoft
Daniel Morales, 626-797-7337
daniel@mandrakesoft.com
or
Alize Public Relations
Caroline Carmagnol, 650/323-1607
caroline@alizepr.com
Last modified: Tue Aug 24 18:40:46 CEST 1999