MOUNTAIN VIEW, Calif., May 28 /PRNewswire-FirstCall/ -- SourceForge , the global online network for community-driven tech media and e-commerce, today announced that it has signed a definitive agreement to acquire Ohloh Corporation, a privately held company based in Bellevue, Washington that owns and operates Ohloh.net, a leading provider of open source data and community. The financial terms of the acquisition were not disclosed. The transaction is subject to customary closing conditions and is expected to close in early June 2009.
"We expect the acquisition of Ohloh and the integration of its technology to significantly improve our insights about the open source development community and our ability to target advertising," said Jon Sobel, SourceForge's group president of Media. "The founders and employees of Ohloh are entrepreneurial and well-regarded in the industry. We are excited to welcome the Ohloh team to SourceForge."
Ohloh, founded in 2004, is the largest directory of open source projects and developers. The company's technology crawls approximately 3,500 open source forges and gathers data on more than 300,000 open source projects and 300,000 open source developers. Ohloh also tracks open source activity through community-enabled services on its site and provides data to leading technology companies.
"We have long held SourceForge in high regard," said Scott Collison, CEO of Ohloh. "We are eager to combine our skills and insights with SourceForge's credibility and reach in the open source ecosystem and look forward to joining the SourceForge team."
About SourceForge
SourceForge's media and e-commerce web sites connect millions of influential technology professionals and enthusiasts each day. Combining user-developed content and e-commerce, SourceForge is the global technology community's nexus for information exchange, goods for geeks, and open source software distribution and services. SourceForge's network of web sites serves 34 million unique visitors each month* and includes: SourceForge.net, Slashdot, ThinkGeek and freshmeat.net. For more information or to view our media kit online, visit http://www.sourceforge.com/. (*Source: Google Analytics and Omniture, April 2009.)
SourceForge, SourceForge.net, Slashdot, freshmeat, and ThinkGeek are registered trademarks of SourceForge, Inc. in the United States and other countries. All other trademarks or product names are the property of their respective owners.
About Ohloh
Ohloh, based in Bellevue, Washington, is a leading directory of open source projects and a market leader for data services about open source software development.
NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations, and involve risks and uncertainties. Forward-looking statements contained herein include statements regarding SourceForge's acquisition and integration of the Ohloh Corporation. Actual results may differ materially from those expressed or implied in such forward-looking statements due to various factors, including: SourceForge's ability to successfully complete the acquisition of Ohloh Corporation and to integrate Ohloh's technology and employees into SourceForge following the closing. Investors should consult SourceForge's filings with the Securities and Exchange Commission, http://www.sec.gov/, including the risk factors section of its Annual Report on Form 10-K for the fiscal year ended July 31, 2008, and its Quarterly Report on Form 10-Q for its previous fiscal quarter ended January 31, 2009, for further information regarding these and other risks of SourceForge's business. All forward-looking statements included in this press release are based upon information available to SourceForge as of the date hereof, and SourceForge does not assume any obligations to update such statements or the reasons why actual results could differ materially from those projected in such statements.
SourceForge, Inc.
CONTACT: Jesse Casman, +1-415-321-2347, jesse@pageonepr.com, for
SourceForge, Inc.
Web Site: http://www.sourceforge.com/
