MontaVista Software Secures Hundreds of Design Wins, Expands Global Operations and Becomes Cash Flow Positive in 2003

MontaVista Software, a pure-play Linux company, has announced that it ended its 2003 fiscal year with revenue growth of 77 percent over the previous year.

The company became cash flow positive in the fourth quarter of 2003 and experienced 15 consecutive quarters of growth despite a challenging global economy. MontaVista Software is a leading provider of embedded Linux systems software platforms, with a strong brand, global presence, and solid products that meet the needs of customers in various markets. The company has secured more than 1200 customers worldwide since its establishment in 1999 and has become a key embedded OS player in Japan and Asia Pacific. MontaVista Linux is remarkably scalable and device OEMs deploy it in next-generation highly available communications infrastructure servers running high-end databases like Oracle 9i, as well as the latest mobile phones like the Motorola A760. In 2003, numerous MontaVista Linux customers brought their products to market, including the first Linux-based mobile phone from Motorola; a home server from Sharp; and an AdvancedTCA telco platform from NEC. The company has also established software development centers in India, Russia, and China and has a strong global presence with eight subsidiaries and numerous offices in North America, Japan, Europe, and Asia Pacific.