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NTT DoCoMo to Acquire Stake in U.S. Developer of Linux Software |
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22nd December, 2004 |
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ASIA : 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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