Monday, 15 May 2017
Canonical going public?
Early last month we reported that, Canonical, the company behind the Ubuntu distribution, was ceasing development of its Unity desktop environment and Ubuntu Touch mobile operating system.
Part of the reason for Canonical dropping these desktop and mobile technologies was maintaining them was expensive and a drain on the company's resources.
Also, according to a recent ZDNet article, Canonical may be transitioning from a private company to a publicly traded company.
Canonical's founder, Mark Shuttleworth, has expressed an interest in focusing on the cloud and server technologies which make Canonical money in order to make the organization more appealing to potential investors.
The article shares some quotes from Shuttleworth discussing taking Canonical public: "This move also means Canonical will devote more of its time to 'putting the company on the path to an IPO. We must figure out what steps we need to take moving forward.'
That means focusing on Canonical's most profitable lines. Specifically, 'Ubuntu will never die. Ubuntu is the default platform on cloud computing. Juju, MaaS, and OpenStack are nearly unstoppable.
We need to work out more of our IoT path. At the same time, we had to cut out those parts that couldn't meet investors' needs.
The immediate work is to get all parts of the company profitable.
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