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Mandriva Saved By New Investors

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After weeks of concern about the "catastrophic state of it's finances" and an indefiniete delay in the release of version 2010.1, the French website LeMagIT is reporting that Mandriva has been saved by new investors.

The article quotes Mandriva Director General Arnaud Laprévote: "Today the company found investors who decided to invest in the company, in order to give balance to the organization and to find a good economic model." He added that "the community and users no longer need be concerned." Due to regulations regarding confidentiality the identity of the new investors was not disclosed. Laprévote went on to explain: "we were aware that the existence of Mandriva was threatened, and today that is no longer the case."

Mr. Laprévote comments regarding the continuing development of the current Mandriva Linux distribution were reassuring: "Today Mandriva is reinventing itself. We detected new opportunities on the desktop as well as on servers, as well as opportunities to strengthen existing markets such as education."

rest here




Horray!!!

God bless Mandriva. May it have a long prosperous life from this moment forward.

Money Pit

This should be a good train wreck to watch.

Mandriva doesn't have the reputation, or the expertise to move into the server/business support market, and there is NO money to be made in the desktop market, as to the education market being a money maker, bwahahahahahahahahaha.

So most likely, the investors are either planing on a gut and sell piecemeal acquisition (although I don't think Mandriva has anything worth selling) or is using it as a cash burn (i.e. tax write off). It's unlikely Mandriva will last thru the next fiscal year (with or without some deity's blessings).

Nameless investors is NEVER a good sign, so something funky is up.

We'll know shortly, if they truly want to attempt to grow this lame duck, they'll need to rebrand ASAP in order to break into newer/better/bigger markets without all the baggage (and the gayest tech name in history) dragging them down.

MandrEvil

I heard rumors some of the previous CEO's got their hands back on Mandriva. You know the ones who ran it into the ground? Good lawdy. This isn't going to end well for the distribution. I sure hope the developers get paid soon. Things are pretty messed up over there at the moment with internal power struggles.

Mandriva developers leaving

Nicolas Lucreil and Pascal Terjan (Mandriva KDE and Kernel Developer) gone!

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