Linux news

2007 07 03

Funding for Open Source Software Up 33% This Quarter

Open source funding back up in Q2

Investment in open source vendors rose 33.1% from $73.95m in the second quarter of 2006 to $98.45m between the beginning of April and the end of June this year.

http://s5h.net/u?zf807
Related: Management vendors attract VC dollars

The investments show that not only are venture capitalists interested in the ease of use products promised by newcomers -- compared with industry veterans BMC Software, CA, HP and IBM -- but also the vendors' potential appeal to a largely untapped market, the small-to-midsize customer.

http://s5h.net/u?z81d2

http://s5h.net/u?zcc1c
Recent: Red Hat profit rises on 42 percent revenue hike

Red Hat distributes open source Linux software and charges companies a subscription to provide updates and other technical support.

http://s5h.net/u?z53ed