Investors to commercialize open source
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.
- Login or register to post comments
- Printer-friendly version
- 2352 reads
- PDF version
More in Tux Machines
- Highlights
- Front Page
- Latest Headlines
- Archive
- Recent comments
- All-Time Popular Stories
- Hot Topics
- New Members
digiKam 7.7.0 is releasedAfter three months of active maintenance and another bug triage, the digiKam team is proud to present version 7.7.0 of its open source digital photo manager. See below the list of most important features coming with this release. |
Dilution and Misuse of the "Linux" Brand
|
Samsung, Red Hat to Work on Linux Drivers for Future TechThe metaverse is expected to uproot system design as we know it, and Samsung is one of many hardware vendors re-imagining data center infrastructure in preparation for a parallel 3D world. Samsung is working on new memory technologies that provide faster bandwidth inside hardware for data to travel between CPUs, storage and other computing resources. The company also announced it was partnering with Red Hat to ensure these technologies have Linux compatibility. |
today's howtos
|
Recent comments
1 year 11 weeks ago
1 year 11 weeks ago
1 year 11 weeks ago
1 year 11 weeks ago
1 year 11 weeks ago
1 year 11 weeks ago
1 year 11 weeks ago
1 year 11 weeks ago
1 year 11 weeks ago
1 year 11 weeks ago