Why is the CEO, Thomas F. Kelly smiling?

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Why is the CEO, Thomas F. Kelly smiling?
MontaVista Software, Inc. has just closed on $21 million in private funding.

WHAT is Mona Vista Software, Inc.?
MontaVista is the leading global supplier of production-quality embedded software Operating Systems and development tools using Linux platform.

WHO Invested?
Siemens Venture Capital along with funding houses like NEC, Alloy Venture Partners, US Venture Partners, and others have participated in this round.

WHAT does private funding mean?
According to the CEO, these funds will be used to expand the market offerings by MontaVista and help to attract the best talent in the market.

VCU says:
Hmm, Linux driven tools and Operating Systems means economical viability. MontaVista has gained lead in the telecommunications, mobile, and embedded products markets that work on Linux platforms. The company’s flexible and open operating system allows designers to innovate across a wide range of mobile and wireless devices and communications infrastructures.

Based on a study by Venture Development Corporation (VDC) it is estimated that worldwide shipments of embedded/real-time and mobile application operating systems, bundled tools, and related services have added up to a total of over $1 billion in 2005, and will reach $2 billion by 2008.

There is a lot of scope for MontaVista to expand its reach in the marketplace enjoy the lead it has gained by entering the market early on.

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    About: I work at Phase One Accelerators and you can find me on and at Brian Longest on LinkedIn.

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