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gnulaw (51.31)

[Update2] Geeknet (GKNT) Announces Sale of Ohloh.net to Black Duck Software. What's Next for SourceForge.net and Slashdot.org?

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October 16, 2010 – Comments (2) | RELATED TICKERS: IBM , GKNT , AOL

"...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?".

References: 

(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

More News (from Black Duck)...

Black Duck Flaps into Open Source Reference

Late last year or early this year, I explained to a giant publishing and information company about some of the important trends building in electronic information. I must admit that the audience wished it were someplace else, probably at the golf course or at a sales meeting where smiles and promises worked better than innovation. [More...]

-ArnoldIT.com on 10/06/2010

Black Duck becoming 'Google of open source': analyst

By acquiring Ohloh.net, the vendor of tools for managing open source code gets a community of developers and usage stats on open source code. Why Geeknet sold Ohloh.net and what its users can expect from BlackDuck [More...]

-IT World Canada on 10/05/2010

Black Duck Buys Ohloh from Geeknet

Black Duck Software acquired Ohloh.net from Geeknet and plans to combine the Ohloh open-source directory with Black Duck’s Koders.com site to provide developers with a free resource to help with the use, creation and management of open-source software. [More...]

-eWeek on 10/05/2010

Black Duck Buys Ohloh.net: One-Stop Dev Portal Coming

Black Duck Software announced this morning that they have acquired the Ohloh.net property from Geeknet.

Sure, I know what you're thinking: whosiwhatsitnow?

At least, that's what I was thinking when I got the news last week from the folks at Black Duck. My brain locked up a bit because it wasn't clear to me what the connection would be for a company that manages a pretty good set of governance and compliance tools and a company that has created a decent professional and social connection portal for developers. [More...]

-IT World at 08:36 10/05/2010

Black Duck buys Ohloh.net open source project site

Black Duck Software on Tuesday is announcing its acquisition of Ohloh.net, which features a free public directory of open source software.

Purchased for about $2.6 million from Geek.net, Ohloh.net will be combined with Black Duck's Koders.com code search site. The combo site will add data from the Black Duck's KnowledgeBase, which catalogs metadata about open source projects. The new site, which will keep the Ohloh.net name, will be launched in the first half of 2011. [More...]

-Network World at 07:21 10/05/2010

Geeknet Sells Open Source Directory Ohloh To Black Duck Software

Open source software company Black Duck Software (which is backed by close to $40 million in funding from Red Hat, Intel Capital and others) has acquired Ohloh, a free public directory of open source software and people. Terms of the acquisition were not disclosed. [More...]

-TechCrunch at 08:15 10/05/2010

Big news about the big duck in the open source pond

Today Black Duck announced the acquisition of Ohloh.net from Geeknet. Here's some of the inside scoop about our impressions of Ohloh and why this is all a good thing for the community and Black Duck. [More...]

-Network World at 06:53 10/05/2010

 

2 Comments – Post Your Own

#1) On October 16, 2010 at 10:27 AM, gnulaw (51.31) wrote:

>>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?

...and let's not forget about Geeknet's nine (9%) percent ownership of CollabNet (1, 2, 3, 4, 5, 6). Is an extraordinary gain pending?

References:

1. (October 11, 2010) CollabNet Named an “Innovative Application Development and Deployment Company Under $100M to Watch” by Leading Analyst Firm.

2. (August 5, 2010) SEC Form 10-Q for the period ended June 30, 2010. "...At June 30, 2010, the Company owned approximately 9% of CollabNet consisting of CollabNet’s Series C-1 preferred stock.  As the Company holds less than 20% of the voting stock of CollabNet and does not otherwise exercise significant influence over them, the investment is accounted for under the cost method.  CollabNet is a developer of software used in collaborative software development...".

3.  (June 08, 2009) SourceForge Files fy'09 10-Q...Ohloh Acquired for $2.6M, 3.7M Shares Repurchased...$4.6M Impairment loss re: Collabnet. "...For the three months ended March 31, 2009, the Company recorded an impairment loss of $4.6 million related to its investment in CollabNet, which is included in interest and other income (expense), net...".

4.  (April 30, 2009) Is SourceForge.Net [and or CollabNet] in IBM's [or HP's] Sites With Latest DeveloperWorks News?

5. (April 24, 2007) CollabNet® and VA Software [GKNT] Sign Asset Purchase Agreement for Acquisition of SourceForge® Enterprise Edition Business by CollabNet

6. (April 10, 2007) CollabNet Partners With Ohloh to Bring Project Dashboards to Public and Open Source Development Communities Powered by CollabNet

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#2) On October 23, 2010 at 3:47 PM, gnulaw (51.31) wrote:

>>Q1: Ohloh divestiture - Shades of Linux.com?

(October 18, 2010Linux To Take Over Microsoft In Enterprises

"...For years, Linux has enjoyed much of its success as a replacement for Unix. Companies turned to Linux to replace Unix servers, or for new deployments within a Unix-heavy environment. Linux is still king there, but it's starting to encroach on Microsoft as well. Big companies are planning overwhelmingly (76.4%) to add more Linux servers in the next year, and less than half (41.2%) of the companies are planning to add Windows servers in the next year. Even more interesting, nearly half (43.6%) are actively planning to decrease use of Windows servers in the next year...".

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