Less than one month into 2008, in the technology community the money and investments all appears to be flowing to open source. Just recently open source database software company MySQL was acquired for $1Billion by Sun Microsystems and open source adserver OpenAds received $15.5Million in Series B VC funding. While 2007 saw the acquisition of numerous online advertising entities like DoubleClick, Right Media, 24 Real Media and ADTECH the early money for 2008 is flowing to open source entities. Why is this occurring and where is open source headed both as a community initiative and for major corporations?

With SUN opening up, Mysql was a very good fit. This is also an immensely good opportunity for Indian IT companies to look beyond the SAP, SOA implementations.

While many speculate how open source entities generate revenue the growth of these popular applications like Linux, Joomla and WordPress and the MySQL acquisition showcases the tremendous growth in this sector.
[Via Email from 5W PR]