Yamaha Validates MontaVista Vision for Next-Generation Digital Audio Products
Leading Global Electronics Company takes Equity Stake in MontaVista Software
SUNNYVALE, Calif., Nov. 12, 2002 — MontaVista Software Inc., the company powering the embedded revolution, today announced it has received an equity investment from Yamaha Corporation, the global company that manufactures and markets a broad range of products including digital musical instruments, professional audio and recording, and home entertainment systems.
“With the spread of broadband technology, embedded Linux® is proving an ideal match for digital audio products,” said Masatada Wachi, managing director and CTO, Yamaha. “We are impressed by the performance and reliability of MontaVista™ Linux and are convinced that this popular development platform can meet the requirements of our market. We expect our strategic partnership with MontaVista to help further develop the technology needed to enable the market to tap into newer applications and opportunities.”
According to a recent market research report from Venture Development Corporation (VDC), consumer electronics is the fastest growing market segment for Linux, at an annual growth rate of 49 percent and reaching $149.6 million in shipments by 2006. VDC also estimated that development in consumer electronics will be the largest segment of the embedded Linux market by 2006 with 43.2 percent of total revenue of $346 million.
“We welcome the investment from Yamaha, a leader in the audio, home and business electronics markets. These markets are currently undergoing a veritable revolution, moving from stand-alone devices to intelligent, networked appliances, in which Linux is increasingly the systems software of choice,” said Jim Ready, CEO and president, MontaVista Software and embedded industry pioneer. “Now, OEMs in these markets are demanding the benefits of Linux; lower development costs, faster time-to-market and a superior level of functionality for their products.”
The next generation of consumer products requires improved performance, lower power consumption, flexible and scalable architectures, robustness and openness. The feature-rich MontaVista Linux Professional Edition addresses these requirements and is already being deployed for a wide variety of embedded application designs in consumer electronics.
Yamaha joins a list of high-profile corporate investors, including IBM, Intel, Sony and Panasonic, who invested in MontaVista Software in its third round of funding announced earlier this year.
About Yamaha Corporation
About MontaVista Software
Headquartered in the heart of Silicon Valley, in Sunnyvale, Calif., MontaVista Software is a privately held company funded by leading investors such as Alloy Ventures, US Venture Partners, RRE Ventures, WR Hambrecht + Co., IBM, Intel Capital, Panasonic and Sony Corporation. For more information about MontaVista Software, please visit http://www.mvista.com, email to firstname.lastname@example.org or call (408) 328-9200.
Linux is a registered trademark of Linus Torvalds. MontaVista is a trademark of MontaVista Software Inc. All other names mentioned are trademarks, registered trademarks or service marks of their respective companies.