Upside: Apache on Deck

"For Randy Terbush, the last few months have been a bit like an Internet television commercial come to life. Terbush is founder and chief executive officer of Covalent Technologies Inc., a Lincoln, Neb.-based company specializing in e-commerce solutions based on the open source Apache Web server...."

"For Terbush, the announcer behind the camera was Hambrecht & Quist Venture Associates, a technology startup fund looking for post-Linux open source opportunities. The pile of cash: $5 million in venture investment. The decision: Whether to abandon the slow but steady growth curve both Terbush and Covalent have followed since 1994 in exchange for a chance at IPO riches...."

"From a cursory point of view, we definitely have the potential of a Red Hat in the Apache space," Terbush says. "I think that this sort of thing helps the community understand how we are aligned in terms of the of software and the open source community."

Complete Story

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