Canonical plans to raise its first outside funding as it looks to a future IPO

It’s been 14 years since Mark Shuttleworth first founded and funded Canonical and the Ubuntu project. At the time, it was mostly a Linux distribution. Today, it’s a major enterprise player that offers a variety of products and services. Throughout the years, Shuttleworth self-funded the project and never showed much interest in taking outside money. […]

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Canonical’s Mark Shuttleworth says he has no plans to sell anytime soon

After IBM announced its plans to acquire Red Hat for $34 billion, pundits quickly started speculating about when Red Hat competitors like Suse and Canonical would sell, as well. Canonical founder Mark Shuttleworth, though, doesn’t seem to have any interest in selling — at least for the time being. “I value my independence,” he told […]

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Don’t expect Ubuntu maker Canonical to IPO this year

Canonical, the company best known for its Ubuntu Linux distribution, is on a path to an IPO. That’s something Canonical founder and CEO Mark Shuttleworth has been quite open about. But don’t expect that IPO to happen this year. “We did decide as a company — and that’s not just my decision — but we […]

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