Redmond, WA — Veriteam, Inc., today announced the launch of
their web-based service, CoSource.com (http://www.cosource.com), which will
fundamentally change the way users of Open Source Software
influence the development of Open Source Projects.
CoSource.com will launch the beta-testing phase of their service
on June 1, 1999. During the beta-testing phase, registered sponsors
will nominate seed projects for development by Open Source
developers, while programmers will register as potential developers
of sponsored projects. After the beta phase, CoSource.com will
begin accepting sponsorships for specific projects from consumers
of Open Source Software.
“CoSource.com will serve as the vital link between users of Open
Source Software and the talented individuals who write Open Source
programs,” said Bernie Thompson, President of Veriteam, Inc. and
creator of the CoSource.com concept. “Before CoSource.com, if a
user did not have the skills or resources to develop a project to
suit their needs, they had few options for having their work
created by Open Source developers. Now, CoSource.com allows users
to cooperatively fund the development of Open Source Projects that
meet their specific needs.” CoSource.com was developed by Thompson,
a veteran programmer who has been involved with the Open Source
Community for over 5 years.
About CoSource.com
CoSource.com allows individuals to offer financial rewards to
developers of Open Source Projects in exchange for creating
software that meets the individuals’ needs. On the web site, a
database records the specifications and initial sponsorship amount
offered for a project. After the initial sponsorship, other
sponsors can easily add their sponsorship amounts to the project,
thus increasing the bounty offered for the project.
Once a significant bounty has accrued, developers bid for the
right to produce the software according to the specifications
detailed by the project’s sponsors. The Staff at CoSource.com
coordinate the interface between the sponsors and developers,
making sure the needs of the sponsors are met and the developers
are paid for their efforts. Sponsors make their payments via a
secure credit card payment system, and the developer is paid with
one check issued by CoSource.com.
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For further information, contact bernie@veriteam.com or http://www.cosource.com