Saturday, April 14, 2007

LanDesk: Corporate castoffs bring new life to VC

"Landesk was a software company trapped in a semiconductor body.
As an Intel subsidiary, the PC management software maker enjoyed moderate sales for about 12 years. But in 2002, the chip giant decided to spin it off as a separate company. And in 2006, Landesk Software was acquired by Avocent for $416 million.
'It was sort of 'Let my people go,'' explained Bart Schachter, an Intel era Landesk employee. Schacter is now a partner at Blueprint Ventures, a venture capital firm that is trying to build a franchise by creating start-ups out of corporate castoffs. "

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