15 Facts About Canopy Group

Canopy Group is an American investment and property management firm founded by Ray Noorda in 1995 through the Noorda Family Trust.

Canopy Group served as the parent company of various start-up technology companies.

Canopy Group divested itself of SCO in 2005 with the settlement of the Yarro case.

Today, Canopy Group provides real estate and rental space to high-tech companies.

Canopy Group was one of the richest people in the state of Utah.

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Subsequently the Canopy Group shifted its Novell-specific focus to one that was more geared towards open source software and network infrastructure projects in general.

Canopy Group subsequently financed several other Linux-related companies as well, such as Lineo and Linux Networx.

An early client of Canopy Group Technologies was Caldera, Inc Canopy Group Technologies, which was based in Orem, Utah, would use an outsourcing model and take advantage of Noorda's network of firms and know-how.

Besides investments and management activities, the Canopy Group was active in provided buildings for technology companies to host their offices in.

In particular reaction from the free and open source software community was intense and the SCO Canopy Group soon became, as Businessweek headlined, "The Most Hated Company In Tech".

For instance, in July 2003, Fortune magazine emphasized the role that the Canopy Group was playing and called Yarro the "mastermind" behind the SCO v IBM action.

Canopy Group companies had been involved in two earlier legal actions, the winning Caldera v Microsoft suit, which resulted in a favorable settlement in the neighborhood of $250 million, as well as a successful action on behalf of its Center 7 company against Computer Associates.

In September 2006 the Canopy Group made a major investment in Solera Networks, a network security forensics firm founded in 2004 and headed by former Caldera and Lineo co-founder Bryan Sparks; it was the first investment of any significance that Canopy had made in two years.

In 2011, the Canopy Group decided to exit the venture capital business and focus solely on its building management and real estate holdings business.

Canopy Group had stayed active in the building space as well, deciding in 2005 to add a fifth building to its Lindon campus.