Ubuntu 18.04 Gets 10 Year Lifespan Ahead of Canonical IPO

Discussion in 'HardForum Tech News' started by AlphaAtlas, Nov 19, 2018.

  1. AlphaAtlas

    AlphaAtlas [H]ard|Gawd Staff Member

    Mar 3, 2018
    At a keynote in Berlin, Canonical's founder Mark Shuttleworth said that Ubuntu 18.04 LTS is getting a 10 year support period, which is 5 years longer than normal. This extension is specifically aimed at the IoT, financial services and telecommunications market, where products will often operate for many years without significant changes. He also reiterated "Canonical's promise to easily enable OpenStack customers to migrate from one version of OpenStack to another," and promised to support versions of OpenStack from 2014 and on. Interestingly, these promises come ahead of Canonical's planned IPO in 2019. Mark seems to think that Ubuntu is a real competitor with Red Hat now, which IBM just recently acquired, and he's quite enthusiastic about the future of Ubuntu. The full Canonical keynote can be seen on Ubuntu's blog. Thanks to dgz for the tip.

    He also disclosed that Canonical is still aiming at an Initial Public Offering (IPO) in 2019. This is not on a set schedule. Instead, it will happen when the company meets the metrics he's set. "We have work to do. The team knows what work we still need to do. We're growing up at a company. Recent changes in the market is bringing this time closer." Before Canonical IPOs, he plans on bringing in growth equity from private-equity companies. Shuttleworth has started talking with private equity advisors to get things ready to bring in a cash infusion.
  2. motomonkey

    motomonkey [H]ard|Gawd

    Jan 17, 2009
    Ipo? Does this mean I will need to look at another distro for my Linux boxes soon? So not buying a linux distro
  3. Lakados

    Lakados [H]ard|Gawd

    Feb 3, 2014
    Canonical currently does pretty good with their support contracts so they are making a profit, but currently they have nowhere to go, for a while they were strongly poised to release something that could actually have gone toe to toe with Microsoft, sadly the Linux community doesn't like the idea of a unifying Linux distro so they got mad and forked it. Once it forked and the resources for it split and split again forward momentum halted and they fell behind again. They need money so they can pay dedicated developers to implement the features that Enterprise customers have been asking from Linux for the last 10 years, if they deliver those tools and features and Microsoft keeps bungling up their Windows 10 releases and they have a solid chance of gaining an actual foothold.
    Yaka likes this.