Thursday April 01, 2010

The Apache Software Foundation Receives Approval for Sale to Oracle Corporation

Today, the Apache Software Foundation announced it has agreed to sell all IP and assets of the foundation to Oracle. The agreement is a $1.5 billion all cash deal. The ASF board agreed to the terms after vigorous discussions last evening.

"We never considered the possibility of selling the ASF," said Jim Jagielski, Chairman of the ASF, "but Oracle made us a simply fantastic offer. Larry himself flew out last week to meet with us to address our concerns."

As part of the agreement, Oracle obtains even more of the crucial LAMP-stack software products.

"It was Oracle's admission that the Web is more than 'just' Java or databases that finalized the decision for us," said Justin Erenkrantz, Director and President of the ASF.

2009 marked the 10th Anniversary of the ASF.

We will be communicating updates about the status of our projects and our license in the near future. As a community based organization, we want to ensure the best experience for our existing committers, contributors, and users, under our new arrangement.



Posted at 11:59AM Apr 01, 2010 by Sally in General | |