Lineo sells a version of Linux for "embedded" non-PC computing devices such as set-top boxes, network routers or slot machines. The company filed its initial public offering plans in May, one of a host of companies that hopes to capitalize on the use of Linux for embedded devices.
Waldie, the company's first COO, was founder and chief executive officer of 15-person Moreton Bay Ventures, which Lineo announced plans to acquire in March. The acquisition closed in May.
Moreton Bay Ventures, based in Brisbane, Australia, focused on software for Motorola's ColfFire chip and on a technology called virtual private networking (VPN) that allows secure, private communication on public networks such as the Internet.
Waldie is moving to Lineo's headquarters in Lindon, Utah.
Lineo had revenue of $4.6 million and a net loss of $9.9 million for the year ended Oct. 31, the company said in a Securities and Exchange Commission filing. For the six months ended April 30, the company had revenue of $2.8 million and a net loss of $8.5 million.
The company competes with private Linux companies such as MontaVista, public ones such as Red Hat, traditional companies such as Wind River Systems, and hybrids such as LynuxWorks.