I’m spending a few days down in Nürnberg at the Open Source Meets Business Conference (OSMB). This year, even after spending just a couple of hours here, the conference has a very “OSBC” feel to it. At least it does remind me more of my visit to OSBC back in 2005 where I was surprised at the commercial adoption of Open Source and indeed the distinct business feel to an Open Source conference.
Larry Augustin is giving the first keynote where he is talking about why he thinks Open Source is a “safe bet” – especially in these days where everyone is talking about the economic downturn. He has 4 main reasons:
New investment continues in Open Source
Businesses are adopting Open Source
Open Source produces better software
Leaner budgets favor Open Source
There are a couple of points in there that I’m sure are open for discussions or a “it depends” caveat. However in general and on a high-level I’m sure these points paint a good picture to get people talking.
There is still a high level of VC investment in Open Source businesses – as we saw yesterday when Lucid Imagination officially launched after receiving a series A funding round of 6$ million. According to Larry, Open Source businesses have received just under 3$ billion since 2000. Companies like Lucid Imagination show that there is indeed a market for companies that form around key technology people (Lucid includes people I greatly respect – such as Erik Hatcher) and provide quality services and other offerings around Open Source projects such as Apache Solr and Lucene. We’ll be seeing more of companies like this arrive on the scene this year.
Already the conference looks as though it will be the most interesting yet.