The Canopy Group is an American investment and property management firm founded by Ray Noorda in 1995 through the Noorda Family Trust. It is headquartered in Lindon, Utah. At various times it has consisted of, or been known as, Canopy Technologies, Canopy Properties, and Canopy Ventures.
The Canopy Group served as the parent company of various start-up technology companies. It was one of the first venture capital firms in the Utah area and, investing in over a hundred such companies, became a pioneer in the Utah high-technology space. One of the most well-known companies it invested in was The SCO Group. Canopy divested itself of SCO in 2005 with the settlement of the Yarro case.
In 2011, Canopy's technology venture arm was purchased by Signal Peak Ventures. Today, Canopy provides real estate and rental space to high-tech companies.
History
Background
As its chief executive during the 1980s and early 1990s, Ray Noorda had taken the software company Novell to a dominant position in the network operating system space
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Further reading
External links
- Signal Peak Ventures website