To: lwn@lwn.net
Subject: Progeny Linux release
Date: Fri,  7 Jul 2000 15:33:18 -0700 (PDT)
From: bruce@linuxvc.com (Bruce Perens)

Progeny Linux Systems Completes First Round of Financing
 
Leading Linux Developers To Revolutionize Network Computing
 
Indianapolis: July 10, 2000 - Progeny Linux Systems announces
that it has completed its first round of financing. The new
company has received seed capital through a private placement.
Founded by Ian Murdock  and Bruce Perens, two leading Linux
developers, Progeny has begun development of a technology that
challenges traditional models of  network computing.
 
Building on Debian GNU/Linux, Progeny is developing a technology
tentatively known as Linux NOW (Network of Workstations). Ian 
Murdock, president and CEO of Progeny, explains, "Both
workstation environments and centralized computers have
advantages. Workstation environments are scalable, flexible and
affordable.  Centralized computers make sharing resources easy,
and are simple to maintain. Our goal is to combine the best
features of both."
 
Murdock goes on to say, "Linux NOW turns a network of 
workstations into a single, seamless system. With only one system
to manage, instead of hundreds, system administration becomes
simpler. Security is improved. With files and other resources
shared across the entire system, the user's environment becomes a
unified whole. In Linux NOW, the network and workstation will
meet in a way you've never seen before."
 
Progeny bases its development on the Debian version of Linux, the
operating system that is the major rival to UNIX and Windows NT 
in the server market. Named for Ian Murdock and his wife Debra,
Debian has a reputation for quality and stability. Debian is also
known for its sophisticated tools for installing and removing
software, as well as for its commitment to Open Source software. 

Both Ian Murdock, president and CEO of Progeny, and Bruce Perens,
Chairman of the Board of Directors, have served as Debian
Project  Leader and are involved in the Linux community. Other
members of  Progeny's staff are active Debian developers.  Dr
John H. Hartman, Chief Technical Officer, is an expert on
computer operating and storage systems, and an Assistant
Professor at the University of Arizona. Bern Galvin, Chief
Financial Officer, has over twenty years of corporate financial
experience, with  expertise in viability analysis, organizational
restructuring, due diligence, acquisitions, and corporate
startups.
 
Financing for Progeny was obtained with the help of  the Linux
Capital Group (www.linuxvc.com). Investors include a mixture of 
venture capitalists, investment bankers, angels, and the officers
of several large publicly traded companies. Despite the
volatility in the public markets, the financing was heavily
oversubscribed.
 
More details about Progeny's plans will be released in the next
few months. For more information, contact info@progenylinux.com,
or phone 1-317-833-0313.
 
About Progeny Linux Systems

Progeny Linux Systems develops  revolutionary, Linux-based
software for network computing environments. Progeny Linux System
is an Open Source company. We are firmly committed to Open
Source, open development, and the community of developers and
users that makes our business possible.

Contact
Keith S. Hartman
Progeny Linux Systems
9100 Keystone Crossing, Suite 440
Indianapolis, Indiana 46240
U.S.A.
Voice: 317-833-0313
Fax: 317-833-0315
Email: khartman@progenylinux.com