Language Selection

English French German Italian Portuguese Spanish

Investors to commercialize open source

Filed under
OSS

An investment venture will try to replicate the model of Gluecode, an open-source start-up acquired by IBM, with a fund dedicated solely to open-source software.

The venture, called Simula Labs, will take open-source development projects and seek to create businesses around them. That approach was employed at Gluecode, a company founded in 2001, which was bought by IBM earlier this month.

Simula Labs, which intends to announce its formation Monday, has gotten commitments from Redpoint Ventures and Mission Ventures to put in $10 million to $15 million for six to eight start-ups during the next three years. Winston Damarillo, who founded Gluecode and was chairman when it was sold, will act as CEO of Simula Labs.

Increasingly, entrepreneurs and venture capitalists are using open-source software and a subscription-pricing model to build new companies. In particular, the area of open-source infrastructure software, which is typically an expensive purchase for customers, has seen a great deal of activity.

One of the first ventures will be the creation of a company called LogicBlaze, which will be built around an open-source project called ActiveMQ, Damarillo said. The ActiveMQ software is an open-source version of standardized Java-based messaging software for sharing data between applications.

Simula also created a company called Mergere around Java-based software development life cycle tools.

Other areas Simula is looking at include directories and identity management, Damarillo said.

Full Story.

More in Tux Machines

Today in Techrights

Leftovers: OSS

  • Communities of Communities: The Next Era of Open Source Software
    We are now about 20 years into the open source software era. You might think that open source simply means publishing the source code for something useful. While this is correct by definition, the most important component of any open source project is its community and how it works together. Open source projects are not isolated islands. In fact, it’s common for them to depend on each other. As new projects are created, it is also common that members come from related projects to work on something new. Apache Arrow is an example of a new project that worked across many related projects, creating a new community that from the beginning knew it needed to build a community of communities.
  • 9 Open Source Storage Solutions: A Perfect Solution To Store Your Precious Data
    Whatever business nature you have, there must be some precious data which you want to store in a secured place. Finding a right storage solution is always critical for business, especially for small and medium, but what if you get a perfect solution at no cost. There is no doubt that business cant runs without data, but while looking for a solution, you might need to spend a fortune to cover all your storage requirements. Open source tools come as the viable solution where you won’t spend money yet get a suitable solution to store your precious data. And don’t worry we will help you to find one of the best.
  • 15 Open Source Solutions To Setup Your Ecommerce Business
    In the past few years, there is a rapid growth in the online sales. According to a survey, more than 40% people are now shifted to online stores and majorly buying products from their smartphones and tablets. With the expeditious rise in the online marketplace, more business introducing online stores. For the big fishes in the industry, the expenses of setting up an online store is like spending peanuts, but for the small or startups, it appears to be a fortune. The smart move could be open source platforms, to begin with as they are not only free also reliable and scalable. One can set up the online store not only quickly as well as, in future if you want to add some of the functionalities, which are available with only premium, can be done by paying quite a small amount.
  • An Industry First: Teradata Debuts Open Source Kylo to Quickly Build, Manage Data Pipelines
  • MUA++ (or on to thunderbird)
  • OpenSSL Re-Licensing to Apache License v. 2.0

    The OpenSSL project, home of the world’s most popular SSL/TLS and cryptographic toolkit, is changing its license to the Apache License v2.0 (ASL v2). As part of this effort, the OpenSSL team launched a new website and has been working with various corporate collaborators to facilitate the re-licensing process.

Linux Graphics

  • Ubuntu 17.04 Still Hasn't Landed X.Org Server 1.19
    While the Ubuntu 17.04 final release is expected to happen in just over two weeks and the final freeze is quickly approaching, X.Org Server 1.19 has yet to land as anticipated into the Zesty Zapus.
  • NV_fill_rectangle Coming To Gallium3D/Nouveau
    Red Hat developer Lyude Paul is working on OpenGL NV_fill_rectangle support for Gallium3D and the Nouveau driver. Lyude has published a set of six patches for adding GL_NV_fill_rectangle support to Gallium3D and wires it up in the Nouveau NVC0 driver for GM200+ hardware.
  • New Engine Reset Capability Being Worked On For Intel DRM Linux Driver
    Intel's Michael Thierry published the fifth version of these patches on Friday. While there has been GPU reset support within the Intel DRM driver in case of hangs, this new engine-reset support is superior as it can reset a particular engine rather than performing a full GPU reset.
  • Vulkan 1.0.45 Released
    Version 1.0.45 is now the latest version of the Vulkan 1.0 specification.

Development News