Mandrake Linux emerges from bankruptcy


Mandrake Linux emerges from bankruptcy

MandrakeSoft has emerged from bankruptcy.

The Paris-based publisher of Mandrake Linux, which sells its products in more than 120 countries all over the world, nonetheless chose the French equivalent of Chapter 11 - a status known as "redressement judiciaire" -  in January 2003.

Now, in contrast, shares of MandrakeSoft are again being traded on the Euronext Marché Libre exchange and on the US OTC market, and the company is fully back to normal activities.

The company now has nine years to pay its creditors without any kind of compulsory recapitalisation.

MandrakeSoft will release its new operating system Mandrake Linux 10.0 Official in May, and will announce in upcoming months several new products for the corporate and individual markets.

The company has also recently closed on several deals with government and corporate clients.

Written by LinuxWorld staff

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