VA Software
However, the company s Japanese subsidiary still goes by the name of VA Linux Systems Japan K.K. after the parent company changed its name. SourceForge licensed SourceForge Enterprise Edition to enterprise organizations.Bryar, in particular had written multiple articles suggesting that most Linux businesses were poorly thought out. He cautioned that the excitement over Linux was little more than another Internet bubble.
As of 2005 Many authors of free software were invited to buy shares at the initial price offering as part of a friends and family deal. Due to the immense difference between the IPO offering price and the opening price, VA Linux did not actually raise much capital in the offering, and the stock price sagged as investors realized that the company s revenue and profitability were not likely to justify the share price. The shares for the IPO were offered at $30, but the traders held back the opening trade until the offers hit $299.
However, on 3 February 2000, the company announced that it was acquiring Andover.net (itself a recent IPO company). As of November 2009, Geeknet owns the websites Freshmeat, Ohloh, Slashdot, and SourceForge.net. VA Research was founded in November 1993 In October 1998, the company received investments of $5.4 million ($7 million in recent terms) from Intel and Sequoia Capital. In Spring 1999, VA purchased Enlightenment Solutions, marketing company Electric Lichen L.L.C., and VA s top competitor, Linux Hardware Solutions. VA Linux Systems took its stock public in an initial public offering (IPO) on 9 December 1999.
Formerly known as VA Research, VA Linux Systems, VA Software, and SourceForge, Inc., it was founded in 1993. Nonetheless, this acquisition eventually allowed the company to shift its business model from Linux-based product sales to specialty media and software development support. The company s original equipment and systems business model began to encounter stiff competition from other hardware vendors offering Linux as a pre-installed operating system (Dell, in particular), and the company began to experience operating losses.
The team is extremely excited to be adding an individual with such rock-solid leadership skills and experience. On 5 January 2009, Scott Kauffman was appointed President and CEO of SourceForge, Inc. On 4 November 2009, SourceForge, Inc. The company remained profitable until the fourth quarter of 2007 but then returned to continuous losses (as of the second quarter of 2009). .
became Geeknet, Inc.EX-3.1 Geeknet operates SourceForge.net, Slashdot, Ohloh and Freshmeat. LNUX later popped up to $320, and closed their first day of trading at $239.25, a 698% return.
(NASDAQ: LNUX) is a Mountain View, California company that owns several computer tech-related websites and the online retailer ThinkGeek. However, this high-flying success was short-lived, and within a year the stock was selling at well below the initial offer price.
The acquisition was not without controversy in the Linux community. Robert M.
During the summer of 2001, there was a large staff reduction since all of the hardware focused employees were dismissed as a result of this shift in the core business model. On 6 December 2001, the company formally changed its name to VA Software in recognition that the majority of their business was now software development and specialty news and information services. Eventually, on 26 June 2001, VA Linux decided that they would leave the systems hardware business and focus on software development.
ThinkGeek — an ecommerce site — is also under the SourceForge banner. Geeknet, Inc.
Neumeister, Jr., Chairman of the Board of Directors of SourceForge, describes Kauffman as having the level of energy and vision that we believe will help build SourceForge into a major Internet company. He brings more than 20 years of executive experience in digital entertainment and consumer-facing Internet brands.
VA Software sold Animation Factory to Jupitermedia Corporation on 27 December 2005, On 21 February 2006, VA Software reported its first ever profitable quarter. In January 2002, Sumitomo Corporation became the largest shareholder in VA Linux Systems Japan, and the Japanese subsidiary became independent of VA Software. Open Source Developers Network (OSDN) was renamed to Open Source Technology Group (OSTG). On 24 May 2007, the company changed its name to SourceForge Inc.
and merged with Open Source Technology Group: therefore, the latter does not exist anymore as a separate entity. On 4 December 2008, Scott Kauffman was announced future President and CEO of SourceForge, Inc.
