MontaVista Receives Investment from Intel

SUNNYVALE, Calif. - September 13, 2000 - MontaVista Software, Inc., developer of the Hard Hat™ Linux® operating system for embedded applications, today announced it received an equity investment from Intel Capital. The agreement will help ensure that MontaVista's software will take advantage of the architectural benefits of the Intel® XScale™ microarchitecture and the Intel® StrongARM™ and IA-32 processor families. These microprocessor architectures involve multiple business units within Intel. Further details of the investment were undisclosed.

"There is a tremendous amount of momentum for OEMs designing products with the Intel StrongARM and Intel XScale microarchitecture, just as there is demand for utilizing the Linux operating system in these designs," said Peter Green, general manager of Intel Corporation's Handheld Computing Division. "MontaVista is an example of the type of company that can help make Linux more widely used for embedded applications."

Said Jim Ready, MontaVista Software CEO, "The additional capital will be used to help us to speed up the introduction of new products and to expand our sales and support. We believe there is strong market confidence in embedded Linux as an operating system of choice for everything from small and emerging pervasive computing devices to telecommunications infrastructure systems and that open-source development is a solid business model."

The Sunnyvale, Calif.-based company offers a "pure," open-source and royalty-free Linux distribution targeted at embedded-system applications. It augments its distribution with support and professional services.

About MontaVista Software, Inc.

MontaVista Software Inc., founded in 1999 by real-time operating system pioneer James Ready, delivers open-source software solutions for the worldwide embedded software market. MontaVista's principal offering is the Linux® operating system tailored for embedded software applications. MontaVista products include Hard HatTM Linux®, a standard off-the-shelf binary distribution of Linux for x86, PowerPC, StrongARM, MIPS and other microprocessor architectures. Hard Hat Linux offers developers a mix of open source and standard APIs, as well as unique open source solutions for embedded design including the MontaVista real-time scheduler and Hard Hat Net CompactPCI back-plane networking. Hard Hat Linux is supported by a comprehensive tool suite including optimizing compilers for C, C++ and other languages; high-level language debuggers; and performance monitoring tools. The company's Subscription Plans also provide Linux support, porting and customization services to customers worldwide. MontaVista headquarters are in Sunnyvale, Calif., in the heart of the Silicon Valley. For more information please visit us at

Linux is a registered trademark of Linus Torvalds. Hard Hat is a trademark of MontaVista Software Inc. Intel and Pentium are registered trademarks of Intel Corporation. All other names mentioned are trademarks, registered trademarks or service marks of their respective companies.


Primary Contact:
Sam Paior
1535 Seabright Avenue, Suite 100
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Phone: (831) 234-1031

Secondary contact:
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Phone: (831) 420-2682