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[News] Despite Recession, Funding Comes to FOSS Startup

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

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| 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).      
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http://venturebeat.com/2008/10/21/zimbra-co-founder-invests-in-dimdims-open-source-web-meetings/


Recent:

SpringSource Announces $15 Million Series B Round of Financing

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| 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...
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http://www.springsource.com/node/393


Related:

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

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| 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...  
`----

http://blogs.cnet.com/8301-13505_1-9806036-16.html?tag=cnetfd.blogs.item


Source of the revolution

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| 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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http://www.siliconrepublic.com/news/news.nv?storyid=single8105
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