Canonical Founder Says Recent Changes In Ubuntu Were Necessary To Prepare the Company For an IPO #Slashdot #AceFinanceDesk – @AceFinanceNews

#AceFinanceReport – May.09: An anonymous reader writes: Canonical was doing well with Ubuntu and cloud and container-related technologies, such as Juju, LXD, and Metal-as-a-Service (MaaS). In addition, its OpenStack and Kubernetes software stacks, according to Shuttleworth, are growing by leaps and bounds on both the public and private cloud #AceFinanceDesk

Canonical Founder Says Recent Changes In Ubuntu Were Necessary To Prepare the Company For an IPO Published on May 09, 2017 at 06:40AM Canonical founder Mark Shuttleworth said “in the last year, Ubuntu cloud growth had been 70 percent on the private cloud and 90 percent on the public cloud.” In particular, Ubuntu has been gaining more customers on the big five public clouds.

What hadn’t succeeded was Canonical’s attempt to make Unity the universal interface for desktops, tablets, and smartphones.

Shuttleworth was personally invested in this project, but at day’s end, it wasn’t getting enough adoption to make it profitable. So, Shuttleworth said with regret, Unity had to be dropped. This move also means Canonical will devote more of its time to “putting the company on the path to a IPO. We must f igure 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 an investors’ needs. The immediate work is get all parts of the company profitable.”

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