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[News] Open Source Software Company Receives $3 Million in Funding

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Open source ECM player takes on funding, swaps out CEO

,----[ Quote ]
| Nuxeo, the French open source content management vendor, has taken on £1.7m 
| in a Series A funding round led by OTC Asset Management. It also announced 
| that founder and CEO Stefane Fermigier has stepped up to the chairman role, 
| while Eric Barroca has taken over as CEO.   



Zimbra co-founder invests in Dimdim’s open source web meetings

,----[ Quote ]
| Dharmaraj says he put his money into Dimdim because its technology
| complements Zimbra’s. Both offer open source software for different aspects
| of collaboration. Zimbra — which Dharmaraj sold to Yahoo for $350 million
| last year, and which he continues to lead from within Yahoo — offers a
| desktop client that incorporates email, documents, task management and more.
| Dimdim provides a basic suite of web meeting features which you can use for
| free (making it a more affordable alternative to web meetings products like
| WebEx and GoToMeeting).


SpringSource Announces $15 Million Series B Round of Financing

,----[ Quote ]
| SpringSource, the company behind Spring, the de facto standard in enterprise
| Java, and a leading provider of infrastructure software, today announced it
| has closed a $15 million round of financing...



Open source to hit $22 billion by 2010. What this means for Red Hat and Novell

,----[ Quote ]
| Interestingly, this number jumps to $41 billion if you add in the $19 billion
| that enterprises will invest in internal open-source development instead of
| wasting it on proprietary software licenses, according to Morgan Stanley...


Source of the revolution

,----[ Quote ]
| According to Ghosh, the notional value of Europe's investment in
| free/libre or open source software (FLOSS) today is e22bn,
| representing 20.5pc of the region's total software investment.
| Spending on OSS stands at e36bn and accounts for 20pc of software
| expenditure in the US.

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