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Tech firms set up Linux shop in London

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DQC Bureau
New Update

Agroup of computer companies have announced that they will open a Linux

software and services shop in London’s financial district, waving the prospect

of 30 percent cost savings in front of investment banks and insurers eager to

preserve cash.

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The Linux center where banks and insurers can learn about the free and open

source Linux OS, which competes with Microsoft’s Windows and Sun’s Solaris,

will be located at walking distance from the City’s Square Mile.

Very

few banks currently use Linux because they are concerned about the support and

long-term viability of the open source platform. Linux, like Sun’s Solaris and

Apple’s OS X, is based on the widely relied upon Unix architecture.

Because Linux software is free to use, companies only need to spend money on

installation and maintenance. Linux typically offers a 30 percent price

improvement on the systems banks use now.

DQCI NEWS BUREAU

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