How To Get Financing (VC Funding) For Open Source / Linux Project

Posted on in Categories GNU/Open source, Linux, Make money with Linux last updated October 24, 2008

MySQL, Red Hat and many other open source projects made good amount of money by supporting and creating world class software. But, how do you get venture capital – financing to grow businesses based upon open source ideas? If you are opening an open source software / hardware based business, read this getting started article about VC funding.

SAP To Roll Out ERP Linux Server Appliance

Posted on in Categories Hardware, Howto, Linux, Linux distribution, Make money with Linux, News, Suse Linux last updated March 5, 2008

SAP and Intel , the world’s biggest makers of business software and microchips, will jointly offer servers pre-packaged with SAP software aimed at medium-sized firms, the two companies said.

SAP aims to provide customers with a 45% savings on implementation and a 25% savings on total cost of ownership over what they’d typically spend for a comparable hardware/software combo, said Jans Peter Klaey, president of global SME at SAP, in an interview.

The server is available in five Northern European countries and should reach 20 countries this year.

=> SAP, Intel to offer out-of-the-box servers for SME’s

Open Source Software Developers Make More Money

Posted on in Categories Business, C Programming, GNU/Open source, Links, Linux, Make money with Linux last updated March 3, 2008

If you know open source based application development, you can make more money. A report from New York City-based consulting company Bluewolf says IT salaries across the board will continue to rise in 2008:

The rise of open source software in application development puts developers with a specialization in those technologies in a position to ask for a 30 or 40 percent pay increase, Kirven says. “We’ve gotten more requests from our permanent placement division for open source developers in the last six months than in the last five or six years combined,” he says. “It’s not as easy as getting free software, someone has to get it up and running. LAMP is everywhere now — these types of technologies no one heard of 18 months ago are all the sudden becoming a hot commodity.”

Nokia to Acquire Trolltech For USD 150 Million

Posted on in Categories Business, Linux Embedded devices, Linux phone, Make money with Linux last updated January 28, 2008
Nokia to Acquire Trolltech Open Source Product Company

Recently, Sun acquired MySQL for USD 1 billion. Today Trolltech announced that they have entered into an agreement that Nokia to acquire Trolltech for USD 150 million. Congratulations, Eirik, Haavard and the crew.

Trolltech created Qt, a multi-platform C++ Graphical User Interfaces (GUI) framework which also includes packages such as data structures and a networking library. The popular free Unix desktop environment KDE uses. From the press release:
Trolltech Open Source Product Company

Nokia and Trolltech ASA today announced that they have entered into an agreement that Nokia will make a public voluntary tender offer to acquire Trolltech (www.trolltech.com), a company headquartered in Oslo, Norway and publicly listed on the Oslo Stock Exchange. Trolltech is a recognized software provider with world-class software development platforms and frameworks. In addition to the key software assets, its talented team will play an important role in accelerating the implementation of Nokia’s software strategy.

Nokia will offer NOK 16 per share in cash. The board of directors of Trolltech has unanimously recommended that its shareholders accept Nokia’s Offer. Holders of 35,024,830 shares, representing approximately 66,43 % of Trolltech’s issued shares and votes have as of January 27, 2008 irrevocably undertaken to accept the Offer. Haavard Nord, Vuonislahti Invest AS (controlled by Eirik Chambe-Eng), Teknoinvest and certain funds managed by Index Ventures are among the shareholders who have agreed to tender their shares to Nokia.

Linux Success Story: Paypal Powered by 4000 Linux Server Grid

Posted on in Categories Business, Linux, Linux desktop, Linux distribution, Make money with Linux last updated December 7, 2007

This is yet another Linux success story. PayPal says Linux grid can replace IBM mainframes:

PayPal is currently processing $1,571 worth of transactions per second in 17 different currencies on about 4,000 servers running Red Hat Linux. Thompson supervises a payment system that operates on about 4,000 servers running Red Hat Linux in the same manner that eBay and Google conduct their business on top of a grid of Linux servers. “I have been pleasantly surprised at how much we’ve been able to do with this approach. It operates like a mainframe,” he said.

=> Read complete story here

Linux success story: Turning Open Source Hobby into Successful Business

Posted on in Categories Business, GNU/Open source, Linux, Make money with Linux last updated October 4, 2007

Open source is getting lots of popularity and if you are an entrepreneur you make some good money too. HylaFAX is an enterprise-class system for sending and receiving facsimiles as well as for sending alpha-numeric pages. The software is designed around a client-server architecture. Fax modems may reside on a single machine on a network and clients can submit an outbound job from any other machine on the network. Client software is designed to be lightweight and easy to port.

iFAX, a commercial company that is built on open source fax server software HylaFAX, was recently included in Inc. Magazine’s 2007 list of the top 500 fastest growing companies in the United States. iFAX founder Darren Nickerson says one of the keys to iFAX’s success has been its commitment to the open source community behind HylaFAX. “Our success is tied to the openness of the software.”

=> Open source entrepreneur turns his hobby into an Inc. 500 enterprise