The Canopy Group is an investment firm founded by Ray Noorda, headquartered in Lindon, Utah. It serves as the parent company of various technology companies. One of its most well-known members was the SCO Group. The company's much-criticized litigation has forced Canopy to try to downplay its links to other owned entities by retiring their investment on it. Therefore, since the Yarro case this company does not belong to the Canopy group anymore. Raymond Noorda (born 1924) was a U.S. computer businessman. ... Lindon is a city located in Utah County, Utah. ... A company is, in general, any group of persons, which are known as its members, united to pursue a common interest. ... The SCO Group, Inc. ... On December 17, 2004, CEO Ralph Yarro III, CFO Darcy Mott and corporate counsel Brent Christensen were removed from the company by Noorda and other shareholders, and now stand accused, in essence, of having defrauded the company of many millions of dollars. ...

The Yarro case

On December 17, 2004, CEO Ralph Yarro III, CFO Darcy Mott, and corporate counsel Brent Christensen were removed from the company by Noorda and other shareholders, and now stand accused, in essence, of having defrauded the company of many millions of dollars. Yarro and the other executives sued for wrongful temination, and Canopy countersued the three men. On March 8, 2005, the day before initial hearings were scheduled to begin, both parties negotiated a settlement out of court, ending the litigation. In a joint press release by the parties, it was disclosed that Canopy would relinquish ownership of all its shares in the SCO Group which would be transferred to Ralph Yarro III along with an undisclosed sum of money. In exchange, Canopy would regain all its shares controlled by SCO, thereby severing ties between the two companies. Further details can be found on the Groklaw website originally established to follow the SCO-Linux controversies. December 17 is the 351st day of the year (352nd in leap years) in the Gregorian Calendar. ... 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... Ralph Yarro III is currently chairman of the board and the largest stockholder in The SCO Group, Inc. ... CFO is usually short for Chief Financial Officer, but may also mean: Carrier frequency offset Ceramic fiber optics Chief Fire Officer Chief of Flight Operations Conselho Federal de Odontologia (cfo. ... March 8 is the 67th day of the year in the Gregorian Calendar (68th in Leap years). ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... The SCO Group, Inc. ... Ralph Yarro III is currently chairman of the board and the largest stockholder in The SCO Group, Inc. ... Groklaw is a blog that was started May 16, 2003 by Pamela Jones (posting as PJ) at Radio-Userland. ... The SCO-Linux controversies are a series of legal and public disputes between the software company SCO Group (SCO) and various Linux vendors and users. ...

Suicides

Val Noorda Kreidel, the daughter of Canopy Group founder Ray Noorda, committed suicide March 17, 2005 according to Orange County supervising deputy coroner Cullen Ellingburgh. The suicide occurred within days of a settlement on March 11 of a legal battle between her family and three former Canopy executives challenging their firings. On December 23, Canopy IT director Robert Penrose also shot himself to death after Kreidel allegedly engineered the ouster of CEO Ralph Yarro and two other executives (former CFO Darcy Mott and former corporate counsel Brent Christensen), and installed new management led by current Canopy CEO Bill Mustard. [1]

Canopy Group Management

Following the removal of Ralph Yarro III from the Canopy Group, Canopy subsequently appointed John Noorda and Andy Noorda, Ray Noorda's sons, to the Canopy Board of Directors. Following these appointments, John and Andy Noorda assumed control of the Canopy Group and they subsequently hired Ron Heinz of Helius to oversee Canopy's investments as the CEO of the Canopy Group. Ron Heinz was formerly the head of North American Sales for Novell, Inc. and was responsible for building several of the Canopy Group's profitable ventures, including Helius, a provider of Satellite Internet technology in conjunction with Hughes Corporation. Novell was also the name of a road bicycle racing team. ...

Following these changes, The Canopy Group has revitalized its portfolio and is again actively investing in Utah high technology companies and development.

List of companies Canopy has investments in

• Altiris - Canopy completely divested from Altiris by mid-2005.
• AvenueMe [2]
• AxiomPress (subsidiary of Geolux) [3]
• Center7 [4]
• Cerberian [5]
• ClearstoneHealth (subsidiary of Geolux) [6]
• Cogito Inc.
• Communitect [7]
• Data Crystal [8]
• DeviceLogics
• DigitalHarbor [9]
• DirectPointe [10]
• Fatpipe [11]
• Geolux [12]
• GMMI/Ridgeline [13]
• Helius
• Homepipeline [14]
• iArchives [15]
• Industrial Training Zone (subsidiary of Geolux) [16]
• Januslogix [17]
• Learning Optics (subsidiary of Geolux) [18]
• Linux Networx [19]
• Luxul [20]
• MaxStream [21]
• Mi-Co [22]
• MTI (storage company) [23]
• MyFamily.com
• North Face Learning [24]
• Perimeter Labs [25]
• Planetearthtools [26]
• Power innovations [27]
• Smart Chip Technologies [28]
• SurfChina [29]
• Tuglet [30]
• Viawest [31]
• Vultus [32]
• Wrenchead [33]

They also formerly owned the SCO Group [34], but it is now independent as result of the Yarro case. The Canopy Group has in recent times distanced itself from SCO and Yarro's business interests. It also at one point, owned a 5.7% stake in Trolltech, the company which developed the Qt. After a round of investments, they withdrew these investments.[35] Altiris is a worldwide software company that was started in 1998 when it split off of a company called KeyLabs. ... Cogito, Inc. ... Device Logics DeviceLogics is a startup firm in Lindon, Utah, in 2002. ... This article is about Greek mythology. ... Myfamily. ... The SCO Group, Inc. ... On December 17, 2004, CEO Ralph Yarro III, CFO Darcy Mott and corporate counsel Brent Christensen were removed from the company by Noorda and other shareholders, and now stand accused, in essence, of having defrauded the company of many millions of dollars. ... Trolltech (formerly known as Quasar Technologies) is a computer software company from Oslo, Norway. ... In computer programming, Qt is a cross-platform graphical widget toolkit for the development of GUI programs. ...

External links

• Canopy Group website