Open Source Business Conference Names Three Startups as “Ones to Watch”

FRAMINGHAM, MA – February 28, 2006 – Open Source Business Conference, LLC today announced the successful completion of the Open Source Business Conference(TM) (OSBC(R)), its two-day business and technology forum which took place in San Francisco on February 14-15, 2006. OSBC also announced the selection of three emerging open source companies as "Ones to Watch." The next OSBC event is scheduled to take place October 17-18, 2006 at the Boston Marriott Newton.

The three emerging open source start-up companies selected as "Ones to Watch" at the event include:

— Splunk (http://www.splunk.com) – creators of the first search software for fast-moving IT data

— Project.Net (http://www.project.net) – provider of a complete, web-based enterprise project and portfolio management application

— rPath (http://www.rpath.com) — creators of the first platform for creating and maintaining software appliances

These companies were chosen by a panel of judges that included prominent venture capitalists and enterprise IT buyers. Companies were judged based on the originality of their ideas, strength of their commitment to open source, and the viability of their products.

"These companies were standouts in their adoption and use of open source technology," said Bryce Roberts, co-founder and Emerging Elite Showcase chair, OSBC. "As young companies, they are already gaining tremendous market momentum – setting new precedents and capturing customer attention with their innovations. We look forward to watching them grow and mature over the coming year."

The "Ones to Watch" were chosen from among 25 start-up companies that participated in the OSBC "Emerging Elite" showcase. The showcase offered attendees the opportunity to see the next generation of IT providers, many of which were seen at OSBC for the first time. The participating open source startups were selected from an estimated pool of 150+ potential companies to demonstrate at the conference. Alfresco, BitRock, Black Duck, Continuent, Logicalware, OpenMFG, OpenLogic, Realm Systems, Signate, SpikeSource, Splunk, SugarCRM, and Virtuas Solutions were among those selected to participate. In addition to bringing these companies together with IT buyers, OSBC facilitated connections between startups and venture capitalists, including North Bridge Venture Partners, Accel Partners, Matrix Partners, Mayfield, Kleiner Perkins Caufield & Byers and others.

Additional conference highlights included keynote speeches by Jonathan Schwartz, President & COO, Sun Microsystems; Bill Hilf Director, Platform Technology Strategy, Microsoft Corporation; Nick Carr, Author of Does IT Matter?; Mitch Kapor, President & Chair, Open Source Applications Foundation; Peter Graf, Executive Vice President, Product Marketing, SAP AG; Kim Polese, CEO, SpikeSource; John Roberts, CEO & Co-Founder, SugarCRM; Peter Thiel, Co-founder, PayPal and President, Clarium Capital; and Lawrence Lessig, Professor and Author, Stanford Law School.

"OSBC delivered on its promises of offering superior content and access to the industry's luminaries on open source," said Matt Asay, co-founder and program chair, OSBC. "Last week's conference offered a tremendous amount of education about how open source can be utilized for business advantage. In addition to hearing from experts in the field, over 600 attendees were able to learn and network with their peers. We are very pleased with how this event continues to grow and we look forward to reconvening in the fall at our Boston event where we will continue the open source discussion."

For more information about OSBC, please visit http://www.osbc.com.

About OSBC

The Open Source Business Conference(TM) is the only event that provides an educational forum for business leaders (both IT buyers and vendors), lawyers and venture capitalists focusing on the opportunities and challenges that open source technology presents. Attend this exceptional conference program led by well known thought leaders and industry executives and become part of the event where important issues are discussed and the future will be determined.

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