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Ubuntu maker Canonical considering IPO
Canonical founder Mark Shuttleworth is considering to go with his company public. The company, best known for the popular Linux distribution Ubuntu, is not profitable enough. An IPO could change that.
Shuttleworth made according to ZDNet in an interview at the OpenStack Summit that he was “seriously considering an IPO. It is not clear if this should take place. The founder previously would first like to engage in conversation with his colleagues, who had about it before going public in recent months.
Shuttleworth founded Canonical in 2004. The South African multimillionaire pays the company since out of pocket. It’s all that time hardly been profitable, although Ubuntu OpenStack be running well. That branch is focused on the establishment of an Open-Tack environment. Among other AT & T and Walmart customers.
The OpenStack solution of Canonical running so well, but this does not mean that according to Shuttleworth other loss-making divisions but disappear. “We are continually investing in technologies like LXD and Snappy Core Ubuntu , “he said. Both parts were at the foundation of the mobile operating system Ubuntu Touch and founder expects this system to run profitable.
Canonical has put lately busy Ubuntu phones in the market. Recently, the company promised that the Meizu MX 4 “fast” will appear in Europe. It would be the second Ubuntu smartphone that goes on sale in Europe, after the BQ Aquaris E4.5 Ubuntu Edition.Viewing:-138
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