Privately held open-source services and support vendor OpenLogic is being acquired by software services development firm Rogue Wave Software. Financial terms of the deal are not being disclosed, though OpenLogic CEO Steven Grandchamp told eWEEK that all existing staff are set to be retained.
The acquisition of OpenLogic could serve as a catalyst that will enable its suite of open-source support and development technology to find a broader audience.
"The open-source expertise that OpenLogic brings to the market is a key ingredient for the continued success of the combined companies," Grandchamp said. "I am currently involved working directly with the Rogue Wave team in the integration of the two companies; we are focused on ensuring the continuity of the business as well as growth opportunities."
Scott Lasica, vice president of Product Management and Marketing at Rogue Wave, explained to eWEEK that his company specializes in development tools and components. While Rogue Wave has had some limited open-source community involvement, the acquisition of OpenLogic is specifically intended to help jump-start its open-source solution set.
OpenLogic currently provides commercial support for more than 600 open-source projects, one of the key projects being the CentOS Linux distribution. CentOS is a clone of the Red Hat Enterprise Linux operating system platform.
Grandchamp said the time and fit were good for OpenLogic to be acquired by Rogue Wave.
"OpenLogic has recently reached cash flow positive and profitability, and adoption of open source continues to grow," Grandchamp said. "Adding the scale of a company like Rogue Wave to the OpenLogic offerings at the present time will provide the kind of scale and reach that is difficult to achieve as a stand-alone business."
Grandchamp stressed that as part of Rogue Wave, the OpenLogic product roadmap has the ability to be expanded and accelerated. He added that one of the key common themes between the two companies is the shared view that development environments today are mixed source.
"RogueWave has capitalized on the commercial segment of the market, and OpenLogic has capitalized on the open-source segment of the market," Grandchamp said. "Together, the product roadmap will be able to address the commercial, open-source and proprietary segments in the enterprise development market."
Sean Michael Kerner is a senior editor at eWEEK and InternetNews.com. Follow him on Twitter @TechJournalist.