» Open source business model reaching tipping point | Between the Lines | ZDNet.com
2008/01/24/1050RTFA: http://blogs.zdnet.com/BTL/?p=7674
Last week Sun acquired MySQL for $1 billion, following on other major open source acquisitions-XenSource (Citrix), JBoss (Red Hat) and Zimbra (Yahoo). This week several funding announcements point to a tipping point for the open source business model.
Automattic, publisher of the open source blogging platform WordPress (which we use for ZDNet blogs) raised $29.5 million in a Series B Round with funding, True Ventures, Polaris Ventures, Radar Ventures and the New York Times.
Greenplum, a developers of business intelligence software based on the open-source Bizgres software project, garnered $27 million series C investment from Meritech Capital, Sun and SAP Ventures.
Now that you mention it, a lot of open source companies have been turning out to possess amazing value.