firm founded by ray noorda headquartered in lindon utah . it served as the parent company of various technology companies until 2012 when its technology venture arm was purchased by signal peak ventures . one of its most well known members was the sco group . canopy divested itself of sco in 2005 with the settlement of the yarro case . today canopy provides real estate and rental space to high tech companies . contents 1 yarro case 2 management 3 list of companies canopy has investments in 4 references 5 external links yarro case edit on december 17 2004 noorda and other shareholders ousted ceo ralph yarro iii cfo darcy mott and corporate counsel brent christensen accusing them of having defrauded the company of many millions of dollars . yarro and the other executives sued for wrongful termination 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 canopy agreed to relinquish ownership of all its shares in the sco group transferring them to yarro 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 . 1 management edit following yarro s removal from the canopy group canopy subsequently appointed john noorda and andy noorda ray noorda s sons to the canopy board of directors . following those appointments john and andy noorda assumed control of the canopy group and they subsequently hired ron heinz of canopy portfolio company helius a provider of satellite internet technology as managing director . prior to his stint at helius 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 . 2 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 edit this article needs additional citations for verification . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . july 2007 learn how and when to remove this template message avenueme axiompress subsidiary of geolux center7 c7 data centers clearstonehealth subsidiary of geolux cogito inc. communitect data crystal devicelogics digitalharbor directpointe fatpipe geolux gmmi ridgeline helius homepipeline iarchives industrial training zone subsidiary of geolux januslogix learning optics subsidiary of geolux linux networx luxul maxstream mi co mti storage company myfamily.com north face learning perimeter labs planetearthtools power innovations smart bomb interactive smart chip technologies surfchina tuglet viawest vultus wrenchead the canopy group also at one point owned a 5.7 % stake in trolltech the company which developed qt . after a round of investments they withdrew those investments . 3 canopy also divested itself of interests in altiris in 2005 . references edit canopy yarro litigation . litigation the cast of characters . groklaw . executive team . canopy ventures . trolltech gets free of canopy sco ownership . groklaw . may 24 2005 . external links edit official website retrieved from https en.wikipedia.org w index.php title canopy group & oldid 645229653 categories companies based in utah county utah2004 establishments in utahhidden categories articles needing additional references from july 2007all articles needing additional references navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutsch edit links this page was last modified on 1 february 2015 at 23 45 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view