2005: $190 million invested in OSS

News
2006-03-20
2013-04-09
  • Kevin W. Shockey

    Venture capital firms are pouring money into open source companies, according to IBM Corp.'s Deborah Magid, director of strategic alliances and Venture Capital Group.

    After a 30 minute chat with Magid, she follows up in an e-mail with some stats. Total venture capital investments in 2005 reached $22.1 billion of which IT took $11.9 billion. Forty five percent was invested in software, and $190 million of the software investment was in "pure open source companies."

     

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