Thursday, SourceForge, Inc. (LNUX) said it signed a definitive agreement to acquire Ohloh Corp., a Bellevue, Washington-based privately held company that owns and operates Ohloh.net, a provider of open source data and community. The transaction, financial terms of which were not disclosed, is expected to close in early June 2009.
Ohloh, founded in 2004, is the largest directory of open source projects and developers. The company's technology crawls approximately 3,500 open source forges and gathers data on more than 300,000 open source projects and 300,000 open source developers. Ohloh also tracks open source activity through community-enabled services on its site and provides data to leading technology companies.
The Mountain View, California-based company expects the acquisition of Ohloh and the integration of its technology to significantly improve its insights about the open source development community and the ability to target advertising.
Jon Sobel, SourceForge's group president of Media credited the founders and employees of Ohloh for their entrepreneurship qualities and respect they command in the industry.
Scott Collison, CEO of Ohloh said, "We have long held SourceForge in high regard. We are eager to combine our skills and insights with SourceForge's credibility and reach in the open source ecosystem and look forward to joining the SourceForge team."
SourceForge closed Thursday's regular trading at $0.99, up $0.01 or 1.02%, on a volume of 52,581 shares on the Nasdaq.
For comments and feedback: editorial@rttnews.com