Canopy’s future uncertain, but legacy assured

In its heyday, the Canopy Group was Utah’s prime technology incubator. Using the fortune of technology legend Ray Noorda, it launched, funded and inspired the creation of thousands of new, high-paying jobs.

Now, the 10-year-old venture capital firm – scarred by tragedy and threatening to unravel even as the one-time genius of its founder suffers the ravages of Alzheimer’s disease – finds itself at a corporate crossroads, its future uncertain.

"Is this a tragedy or not?" asks Greg Butterfield, chief executive of the now-independent Canopy prodigy Altiris Inc. "Ray Noorda and Canopy . . . were key to our success. In 1998, they took the risk and invested in a little company out in Lindon, Utah, when [others] would not."

By Bob Mims
The Salt Lake Tribune

Full Story: http://www.sltrib.com/business/ci_2624261