Funding News: JBoss Inc.
February 25th, 2006 • Business, Entrepreneurship + Startups, Technology, Venture Capital
JBoss has recently been subject to much speculation that it was going to be acquired by Oracle for a hefty pricetag (between $200 and $400 million). Well apparently, that isn’t in the cards. They just recently bought their German service partner, Objectone.
Now, the news you won’t read anywhere else. My sources tell me that JBoss has raised their second round of funding. I don’t yet know for how much or from who but their previous round was back in 2004. That round was for $10 million from Matrix Partners, Accel Partners, Intel Capital, and Bain Capital. Clearly with all the hype around JBoss right now, this round is likely hefty with the same participants, if not more.
It has been a while since the rumors started, but I hadn’t heard that the deal was definitely off. I wouldn’t think their buying Objectone would necessarily signal that, either. Raising another round would. How solid is that? Any idea when it will be public?