Commercial Open Source Version of Project.net
Expected to Accelerate Innovation and Adoption
of PPM
Bedford, MA - February 14, 2006 - Integrated
Computer Solutions, Inc. (ICS), today announced
the acquisition of Project.net and the launch
of a commercial open source version of Project.net's
project and portfolio management (PPM) product.
Project.net currently helps more than 50,000 users
in Global 2000 companies realize dramatic cost
and time savings by enabling them to improve project
execution across the enterprise. Project.net's
commercial open source initiative will provide
the company with a unique strategic position for
capturing a greater share of the growing PPM market.
The availability of both the enterprise and commercial
open source versions of Project.net addresses
the needs of a broad range of organizations, from
those requiring commercial quality support and
services to users seeking free and open access
to an enterprise-proven project and portfolio
management solution. Project.net expects its commercial
open source initiative - the first open source
effort of its kind based on a commercial PPM product.--
to establish a community to stimulate innovation
and increase the adoption of PPM applications.
All enterprise and commercial open source users
will benefit from innovations contributed by the
open source community, including current enterprise
customers such as Schlumberger, Amazon.com, Shopzilla.com,
Cornell University, and Bankers Life. Project.net
will continue to introduce technology and usability
enhancements to the rich functionality and powerful
tools that have helped these companies and others
more accurately track and manage project tasks,
resource allocation, budgets and portfolio status.
"Bringing a robust and established PPM product
to the open source community will give more people
better access to PPM," said ICS founder and
CEO Peter Winston, who will serve as CEO of Project.net.
"We're excited by the opportunity to improve
the product, and our customers will benefit greatly
from the innovations and customized solutions
that are encouraged and supported by the open
source process."
"The open source software movement is having
a positive effect on the IT software industry,"
notes Gartner, Inc. in Predicts 2006: The Effects
of Open-Source Software on the IT Software Industry,
Mark Driver and George Weiss, November 28, 2005.
"Its benefits are surfacing in numerous areas;
however its most direct effect involves the capability
to provide higher quality software at lower costs."
Project.net is the latest company acquired by
ICS, a provider of software development tools
and services for UNIX and Linux professionals.
Project.net founder Roger Bly, will serve as the
company's vice president of research and development,
and Ed Lee, a software industry veteran who has
led marketing and development initiatives for
Hewlett-Packard and ICS, joins the company as
vice president of marketing. Both will report
to Winston.
About Project.net
Project.net helps Global 2000 companies maximize
the performance of their diverse portfolio of
projects by improving the productivity of knowledge
workers and decreasing time to market, while reducing
costs. Project.net provides the industry's most
complete project execution application, a product
which shares the company's name.
About Integrated Computer Solutions, Inc.
Integrated Computer Solutions, Inc. (ICS) of
Bedford, MA, was founded in 1987 and is the world's
leading provider of advanced visual development
tools and services for UNIX and Linux professionals.
ICS' BX PRO series of GUI builders has been long
recognized as the software of choice for visually
creating mission-critical, high-performance Motif
applications. Additionally, ICS is the largest
independent supplier of add-on products, training,
and professional services for the Qt® multi-platform
framework developed by Trolltech®
