Novell has said it invested a total of $US10 million in four network software companies that make products that exploit Novell's NetWare 5 network server operating systems and its network directory service, NDS. In exchange, Novell received a minority interest in the US-based companies.
The capital comes from Novell's Internet Equity Fund (http://developer.novell.com/fund/), a $US50 million seed money fund set up last year and headed by Novell vice president Rob Hicks. About half of the fund is earmarked for organisations developing applications, tools and utilities that take advantage of NDS.
Novell is targeting startups that are in their first or second rounds of financing. Novell is also "eager to support" new Java-based network applications that exploit Novell's NetWare 5 server platform, the vendor said.
Novell's investments went to the following organisations:
Evergreen Internet (http://www.evergreen.com), a developer of electronic commerce systems; GlobalCast Communications (http://www.gcast.com) a developer of multicast Internet software; NetPro Computing (http://www.netpro.com/), a provider of directory services management solutions; and NetVision, (http://www.netvision.com/) a company that offers directory-services integration systems.