Rackspace Hands Over Keys To Open Source Cloud

On Wednesday, that transition was completed, as Rackspace handed over the OpenStack trademark, and the foundation officially took over governance of the project. From here on out, the OpenStack Foundation is responsible for all legal, financial, marketing and operational management issues.

Rackspace revealed that it would hand over control last October. The foundation was quickly incorporated, and since then the organization has secured more than $10 million in funding from its 5,600 individual members and over 190 participating companies. Major companies like HP, IBM, and Dell have a seat at the table, but no single corporate entity has control over the community.

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