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Fluendo Group Concerned Over EC Threat to Open-Source Investment
Fluendo S.A. today expressed its concern that, if upheld, the European Commission's objections regarding Oracle’s acquisition of Sun could set a precedent that will undermine the development of open source technology worldwide.
By: Katia Marti - Fluendo.com
Venture capitalists and potential acquirers will perceive open source software offerings not as an asset, but as a liability which engenders greater antitrust scrutiny and potential prohibition, said Pascal Pegaz Paquet, co founder of Fluendo. Venture capitalists, who are a vital source of financing for emerging technologies, will no longer be willing to invest, he added.
"At a time when policymakers should be doing everything they can to promote innovation, the Commission is threatening to set a precedent that will choke off financing for development of open source software ventures, particularly in Europe," said Mr Pegaz Paquet.
"Fluendo follows a very similar path to MySQL and we are quickly gaining market share against giants on various market segments including broadcasters with our streaming solutions, hardware manufacturers with our codecs, etc... The outcome of that case with Oracle and Sun might definitely make our life harder when it comes to working with VCs or potential M&As" said Julien Moutte, chief executive officer and co founder of Fluendo.
About the Fluendo group
Fluendo was founded in 2004 to address the multimedia issue in GNU/Linux and Free Software in General. Fluendo employs several of the central developers of the GStreamer multimedia framework, which is quickly establishing itself as the de-facto standard multimedia framework for GNU/Linux and UNIX systems. Fluendo provide a wide range of products under and above GStreamer including proprietary codecs (together with their respective patent licenses), a streaming server, a DVD player, the Fluoh Media Center, and an Open Source media center project.
For Marketing and Press feel free to contact Katia Marti at: email@example.com
Fluendo, Influencing the Multimedia World
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Fluendo develops multimedia for GNU/Linux and Free Software in General. Fluendo provides products under and above GStreamer including proprietary codecs, a streaming server, a DVD player, the Fluoh Media Center, and an Open Source media center project.