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CNET News: Investors to Commercialize Open Source

May 20, 2005, 17:30 (0 Talkback[s])
(Other stories by Martin LaMonica)

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"An investment venture will try to replicate the model of Gluecode, an open-source start-up acquired by IBM, with a fund dedicated solely to open-source software.

"The venture, called Simula Labs, will take open-source development projects and seek to create businesses around them. That approach was employed at Gluecode, a company founded in 2001, which was bought by IBM earlier this month..."

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