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Tuesday, 04 October 2005 |
Open Source movement is branching into not just
mainstream business applications but also the associated services. And
VCs are eager to help.
Eighteen months ago
John Roberts, Clint Oram, and Jacob Taylor decided to quit their jobs
at Epiphany, a maker of customer-relationship software. The trio wanted
to target the same market, but write a new application developed using
open-source code. It took them only three months to create the program
and just another month to close their first round of funding. Little
more than a year later, their company, SugarCRM, has given away more
than 325,000 copies of its software, and raised a second round of
capital, for a total of $7.75 million.
Read more at http://www.businessweek.com/technology/content/oct2005/tc2005103_0519_tc_218.htm
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