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Open source software lets Genuitec forgo venture capital

One business that relies heavily on open source software is Genuitec, the company that produces the proprietary subscription-based MyEclipse interactive development environment. This article covers the business model behind this.
Low-cost MyEclipse adds functionality to Eclipse, an open source application development software framework. Genuitec co-founder and Vice President of Technology Todd Williams says his company is able to keep prices affordable because it avoided using venture capital money, and because Genuitec itself is built completely on open source.

<A HREF="http://enterprise.linux.com/article.pl?sid=07/02/07/2056241&tid=3&tid=11">Read more</A>

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