Sourceforge Opens Marketplace For Open Source Services

Posted by sharonpr on Dec 6, 2007 10:22 AM EDT
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Online exchange creates new opportunity to monetize open source software

MOUNTAIN VIEW, CA, December 6, 2007 – SourceForge.net® (part of SourceForge, Inc., NASDAQ: LNUX), the world’s largest web site for open source development and distribution, today launched an online marketplace for technology professionals to buy and sell service and support for open source software.



SourceForge.net Marketplace launches with more than 600 service listings. Some major projects offering service and support include: OpenBravo, JasperSoft, Zenoss, Compiere, Firebird, Nagios and Spring Framework. The platform, which is tightly integrated into the SourceForge.net web site, has been heavily tested in closed and open beta cycles since May of this year.



“The demand for support around open source software continues to grow,” said Mike Rudolph, vice president and general manager of SourceForge.net. “We’re extending what is already the world’s most open and transparent open source hub to allow technology professionals to buy packaged support directly from the creators of the software.”



Marketplace gives open source projects and service providers a seamless process for selling services to the site’s global market of IT buyers. Sellers are free to set their own pricing, support levels, and service types. The Marketplace’s reputation system allows buyers and sellers to rate each other after each sale. There is no fee for listing services on SourceForge.net Marketplace.



"For integrated management services, it's clear that our customers want a consolidated place to buy both software and services,” said Bill Karpovich, CEO & Co-Founder of Zenoss. “Having them seamlessly connected is a real value add. SourceForge's Marketplace is a great addition to their work with open source projects, because you can get the support and services you need as soon as you find the open source software you want. Marketplace is a great addition to the SourceForge site, and we're very excited to be a part of it."



Interested buyers can search services by project, or browse general categories of services, Payment is specified by the seller, and may include PayPal, check, or credit card.



Similar to how open source development is geographically dispersed, Marketplace opens up economic opportunity for both established and emerging open source projects by providing access to a global market.



“We’re in a unique position to bring open source software and services together in a place people already trust, and with a model that is highly scaleable” said Rudolph. Our goal, as it has been from the start, is to help drive the adoption of open source software and enable success throughout the open source community.”



About SourceForge, Inc.


SourceForge’s media and e-commerce web sites connect millions of influential technology professionals and enthusiasts each day. Combining user-developed content, online marketplaces and e-commerce, SourceForge is the global technology community’s nexus for information exchange, goods for geeks, and open source software distribution and services. SourceForge’s network of web sites serves more than 32 million unique visitors each month* and includes: SourceForge.net, Slashdot, ThinkGeek, Linux.com, freshmeat.net, ITManagersJournal and NewsForge. For more information or to view the media kit online, visit www.sourceforge.com. (*Source: Google Analytics and Omniture, October 2007.)

SourceForge, SourceForge.net, Slashdot, freshmeat, and ThinkGeek are registered trademarks of SourceForge, Inc. in the United States and other countries. All other trademarks or product names are property of their respective owners.



NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations, and involve risks and uncertainties. Forward-looking statements contained herein include statements regarding completeness and efficacy of testing of the Marketplace offering, the ability of the Marketplace offering to foster global economic opportunity. Actual results may differ materially from those expressed or implied in such forward-looking statements due to various factors, including: SourceForge’s ability to drive demand for the Marketplace offering; SourceForge’s ability to attract and retain qualified personnel; SourceForge’s ability to achieve and sustain higher levels of revenue; SourceForge's ability to protect and defend its intellectual property rights; rapid technological and market change; unforeseen expenses that SourceForge may incur in future quarters; and competition with, and pricing pressures from larger and/or more established competitors. Investors should consult SourceForge's filings with the Securities and Exchange Commission, http://www.sec.gov, including the risk factors sections of its Annual Report on Form 10-K/A for the fiscal year ended July 31, 2007, for further information regarding these and other risks of SourceForge's business. All forward-looking statements included in this press release are based upon information available to SourceForge as of the date hereof, and SourceForge does not assume any obligations to update such statements or the reasons why actual results could differ materially from those projected in such statements

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