Fort Lauderdale, FL — (press release) — Metro Link today announced the closing of a deal which provides the company with $5.6 million in cash and stock from Linux Global Partners, a New York-based venture capital firm. Metro Link, a software development company founded in 1989, specializes in graphical display technology solutions for Linux, UNIX, and embedded operating systems. Metro Link is also the official maintainer of the X Window System.

According Metro Link officials, the company hopes to experience sequential quarterly growth in excess of 100% growing to more than $10 million in annualized revenue by the third quarter of 2001 making the company a standout in the Linux and embedded markets. Company officials added that the cash infusion will bolster research and development, sales and marketing, and working capital.

Linux Global Partners is the premier Linux holding company and has an established presence in major segments within the Linux sector. It concentrates on Linux start-up companies to capitalize rapidly on new opportunities.

 
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