OpenLogic Sees Record Growth in First Half of 2008

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Fri Sep 5, 2008 7:02am EDT

  BROOMFIELD, CO, Sep 05 (MARKET WIRE) -- 
OpenLogic, Inc., a provider of enterprise open source software solutions
encompassing hundreds of open source packages, today announced that it
saw record growth in customers and revenue due to strong interest from
enterprises in its open source support, provisioning and governance
offerings.

    "The maturity of open source in the enterprise has created a need for a
viable open source support vendor who can aggregate support and
indemnification for the hundreds of open source projects used by
enterprises, most of which have no other commercial support alternatives,"
said Steven Grandchamp, CEO of OpenLogic. "Through OpenLogic's Expert
Community and our support partner program, OpenLogic has been successful
in paying open source developers and commercial open source vendors to
assist OpenLogic's support team in delivering commercial-grade support to
enterprise users."

    OpenLogic customers find value in OpenLogic's ability to aggregate
support, provisioning and governance for over 400 open source packages.
Since the beginning of 2008:


-- OpenLogic's base of enterprise clients continues to grow.

   OpenLogic now has more than 50 enterprise customers. 70% of OpenLogic
   customers are in the Global 2000 and 30% are in the midmarket.

-- Customers rapidly expand their business with OpenLogic.

   OpenLogic customers quickly expand both the number of open source
   projects on which they get support from OpenLogic and subscriptions
   to OpenLogic's SaaS-based provisioning and governance platform. On
   average, enterprises more than double their business with OpenLogic
   within the first year.

-- The largest companies across industries depend on OpenLogic.

   OpenLogic's customer list includes the world's largest companies in
   over eight different industries, including financial services,
   insurance, retail and technology services.

-- Enterprises are shopping for open source support.

   Companies are increasingly realizing that they have options for open
   source support.  The number of inbound leads from companies
   contacting OpenLogic to provide open source support has increased
   15x in the second quarter of 2008.

    
OpenLogic is a unique provider that sells software and services that
help accelerate the adoption of open source in the enterprise.

    -- Consolidated Open Source Support - Through a combination of its own
expertise; partners like EnterpriseDB and Jaspersoft; as well as the
OpenLogic Expert Community -- OpenLogic provides support on more than 400
open source projects.

    -- Open Source Provisioning - OpenLogic has a certified library of more
than 400 open source projects that have passed a 42-point certification
program to ensure they meet the needs of enterprises. The certified
library is freely available as a resource at OpenLogic Exchange.

    -- Open Source Governance - OpenLogic provides a software platform and
corresponding services to help enterprise manage their open source usage.
OpenLogic Enterprise offers indemnification through a SaaS Governance
platform.

    For a basic introduction to OpenLogic and review of its 2008 momentum
stats, please view the corresponding slide deck at
http://www.slideshare.net/OpenLogic/ol-intro2-presentation.

    About OpenLogic

    OpenLogic is a leading provider of open source solutions that enable
enterprises to safely acquire, support, and control open source software.
OpenLogic provides enterprises with a certified library of open source
software that encompasses hundreds of the most popular open source
packages via OpenLogic Exchange (OLEX), a free web site where companies
can find, research, and download certified, enterprise-ready open source
packages on demand. With the broadest open source coverage in the
industry, OpenLogic offers indemnification; updates; and enterprise-grade
technical support backed by the OpenLogic Expert Community. OpenLogic
also provides solutions for open source governance and to automate the
integration and deployment of open source components -- reducing the risk
and maximizing the cost savings associated with using open source
software. For more on OpenLogic, go to www.openlogic.com.

    

For media inquiries, please contact:
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