"Collab.Net - a leading provider of collaborative software
development services based on open source principles - today
announced the close of a $35 million dollar round of private
financing. Venture capital firm Bowman Capital led Collab.Net's
Series B financing round."
"The Company also received strategic investments from major
hardware, software and services companies, including: Dell
Ventures, Hewlett-Packard (NYSE: HWP), Intel Capital, Niku
Corporation (Nasdaq: NIKU), Novell, Inc. (Nasdaq: NOVL), Opus360
(Nasdaq: OPUS), Oracle Corporation (Nasdaq: ORCL), Sun Microsystems
Inc. (Nasdaq: SUNW), and TurboLinux, Inc. Initial investor,
Benchmark Capital, also participated in this financing round. In
addition, WR Hambrecht + Co. as well as Marc Andreessen, a member
of Collab.Net's board of directors, are investing in the
"Open source software development practices are gaining
acceptance and will influence the way companies bring software
products to market. Having some of the leading companies in the
world as Collab.Net's investors helps show there is growing
acceptance," said Bill Claybrook, Research Director, Linux and Unix
Platforms for Aberdeen Group."
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