[Update2] Geeknet (GKNT) Announces Sale of Ohloh.net to Black Duck Software. What's Next for SourceForge.net and Slashdot.org?
"...Of course, whether this will make money is anyone's guess. Black Duck has done pretty well, it seems, in their particular niche, but Ohloh.net was just bought by Geeknet in May 2009 for $2.6 million. In just 17 month's time, Geeknet turns right around and sells it. You can't help but wonder what's going on with Geeknet, particularly in light of its transferring the Linux.com property to the Linux Foundation in 2008.
One could argue that Geeknet is trying to concentrate on its media and retail properties (Slashdot and ThinkGeek) with the sale of Ohloh.net, but the sale of Linux.com seems to belie that notion. Plus, where does that leave SourceForge and freshmeat? In its heyday, Geeknet (and VA Software before it) spanned a broad range of web and software properties in the open source community..." [Emphasis added]. Source: itworld.com October 5, 2010
"...Ohloh is the largest public source of data about open source software, and we know this data is valuable to the open source community," said Scott Collison, Chief Product Officer of Geeknet and an Ohloh founder. "SourceForge is in the forge business and not in the business of providing data on open source software use. We decided to sell Ohloh to the preeminent FOSS data company in the world, Black Duck Software. We've had a relationship with Black Duck for years, and we are confident Black Duck will be the best steward of Ohloh's data and community..."
- “The acquisition of Ohloh demonstrates once more the growing value of data. With Ohloh's database, Black Duck can ease the friction of commercial adoption of open source technologies by commercial organizations and provide developers with more and better intelligence about open source project health. This is a win for the company and communities alike.” -Stephen O'Grady, Industry Analyst with RedMonk
...Black Duck Software, the leading global provider of products and services for accelerating software development through the managed use of open source software, today announced that it has acquired Ohloh.net from Geeknet, Inc (NASDAQ: GKNT.) The transaction closed on September 30, 2010..." Source: Black Duck Software [Emphasis added]. Note This divestiture will be reflected in Geeknet's (GKNT) pending Q3 numbers ending September 30, 2010. Terms undisclosed.
Note: This divestiture will be reflected in Geeknet's (GKNT) pending Q3 numbers ending September 30, 2010.
Q1: Ohloh divestiture - Shades of Linux.com?
Q2: Why couldn't Geeknet's management and Board of Directors, in general, and Scott Collison , in particular, monetize Ohloh for Geeknet yet accepted $2.6M for SourceForge's acquisition of Ohloh in May 2009 as Ohloh's Founder and CEO? And who is now the VP Product for Geeknet's entire Open Source Media Assets? Did Scott Collison both fail in monetizing Geeknet's acquisition of Ohloh while also failing to create share shareholder value in SourceForge.net? Github.com (launched 2/2008) is arguably kicking SourceForge.net's ass (launched 11/1999). See "Geeknet (GKNT) Non-insider shareholder Value AMBER Alert" and "Is Geeknet (LNUX)s SourceForge Following Slashdot's Foot(Mis)steps?".
(October 03, 2010) What is going down @Geeknet?
(October 5, 2010) Black Duck - Ohloh Acquisition, CEO Q&A (audio) Full Interview
wiith Tim Yeaton, CEO of Black Duck & Rich Sands, Ind......
Black Duck Blog
Black Duck Software Twitter Feed...currently on fire [Oct 5] regarding its acquisition of ohloh
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-IT World at 08:36 10/05/2010
Black Duck buys Ohloh.net
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