SCO survives with a $100 million investment

SCO survives with a $100 million investment

SCO has been in the news for all the wrong reasons in the recent times. The company is known for their claims of ownership of copyright to software code used in the Linux operating system.

The company recently filed for bankruptcy. Though, it has now stated that two parties have agreed to finance their comeback with up to $100 million investment.

One of these parties is the New York-based Stephen Norris Capital Partners. The other group is from Middle East but no details are provided.

Jeff Hunsaker, SCO’s president and chief operating officer spoke about this new development: “It also marks an exciting future for our business.”

The company deals in UNIX technology and also provides software for group communications on mobile devices.