MontaVista(R) Software Acquires Korean Company to Expand Embedded Linux(R) Sales and Services in Korea

Thursday November 1 12:00 PM

MontaVista Software Korea Co., Ltd. was established four years ago as a joint venture between MontaVista and other investors. It has been acquired in full by MontaVista Software, Inc. The entire sales and services staff have become employees of MontaVista Software, Inc., and will help MontaVista support Samsung, LG Electronics, ETRI, and its other Korean customers in the use of MontaVista Linux to quickly produce innovative new electronic devices and embedded applications.

"We are impressed by the rapid growth in the number of Korean companies that have selected MontaVista Linux," said Tom Kelly, president and CEO of MontaVista Software. "We expect to sign more than 50 agreements with 30 different Korean companies this year alone. We are making this investment to build closer relationships with our Korean customers, and with the markets they help drive."

The former Korean joint venture is now a wholly-owned subsidiary of MontaVista Software, Inc. It will provide sales, support, and consulting engineering services to electronic device designers, helping them use MontaVista DevRocket development tools to customize MontaVista Linux and implement new devices and software platforms running on MontaVista Linux open-source operating system software.

MontaVista has hired Young-Hoon Yoo as Korea Country Manager. The former head of South Korean operations for WebMethods and EMC Documentum, Yoo also managed telecommunications business development in Asia for Cadence Design Systems.

"We are working on making a seamless transition for our customers, partners, and employees to MontaVista ownership," said Yoo. "Now, with direct access to MontaVista's corporate resources, we are ready to address the growth in demand for MontaVista embedded Linux operating systems, development tools, and support services.

MontaVista Software, Inc. is the leading provider of Linux for intelligent devices and telecommunications infrastructure. MontaVista delivers commercial-quality Linux operating systems, time-saving development tools, expert support, and design and migration services. MontaVista has more than 400 partners, and thousands of companies use MontaVista embedded Linux to add functionality, increase reliability, reduce costs, and accelerate product development. MontaVista has offices in 15 countries. For more information, please visit www.mvista.com

Linux is a registered trademark of Linus Torvalds in the United States and other countries. MontaVista is a registered trademark of MontaVista Software, Inc. All other names mentioned are trademarks, registered trademarks or service marks of their respective owners.

Contact:

Connect Public Relations
Chris Walker, 801-373-7888
chrisw@connectpr.com

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