The Knowledge Group Has Scheduled a Live Webcast on OpenSource Software & the Technical DueDiligence

NEW YORK - July 24, 2016 - PRLog -- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, announced today that it has scheduled a live webcast entitled: Open Source Software & the Technical Due Diligence Process. This two-hour event is scheduled on Thursday, July 28, 2016 from 3:00 PM to 5:00 PM ET.

Event Synopsis:

Open Source has eaten the software world. A typical company is made up of 50% Open Source Software, though companies' ability to discover and track these packages has not kept up with the development practices.  Companies who are targets in Mergers & Acquisitions are required to disclose their use of OSS/3P software and Palamida's research shows the typical company is only aware of 2% of their ACTUAL usage. This massive undercounting is affecting the ability of these organizations to have a successful exit.  Additionally, those who do have a successful exit often require a large amount of remediation before close in order to come into compliance.  In this webinar Palamida will discuss the modern technical due diligence process as it relates to Open Source and Third-Party Software, along with the steps that a target or acquirer will go through to validate the Third-Party list.  Other topics include common reasons for no-go decisions, and remediation steps that you will have to go through before you sell or buy a company.

In today's software development environment, ready access to Open Source Software libraries (and other third-party code) is an enormous benefit if used responsibly. By leveraging the intellectual property (IP) of commercial software development partners, outsourced engineering resources, and the open source community, companies can reduce costs, accelerate time to market, access global software innovation, and differentiate its own software products. This expanded opportunity for use of third-party IP, however, comes with the responsibility to comply with a complex set of licensing terms placed on the software by its IP owners in order to avoid claims of infringement for improper use. It also calls for the need to track the use of the third-party software to mitigate financial and legal risks by implementing development oversight to ensure that governance mechanisms are in place to provide for proper payment and compliance to license terms.

Most corporations have a hard enough time managing the third-party IP within their own code bases; doing so in merger and acquisition (M&A) transactions can be even more difficult, as inbound code built by unfamiliar development teams is often a black box of third-party code and licenses. Few M&A teams have the time to thoroughly audit the code they are acquiring or the expertise to analyze the code to evaluate IP risks and compliance issues.

To help answer your questions and navigate the technical due diligence process relating to Open Source Software, The Knowledge Group has assembled a panel of thought leaders and key experts to shed light on this significant topic. Speakers will discuss the legal basics of Open Source Software and licensing, experience from the technical due diligence process with major corporate acquirers, lessons from recent legal cases in Open Source Software, and how to manage Open Source Software risk and formulate a sound compliance policy to avoid the most common risks and pitfalls for both acquiring and target companies during the M&A process.

Key topics include:

§  Open Source Software Legal Primer

§  Preparing Yourself for An Acquisition As a Buyer

§  Preparing Yourself for An Acquisition As a Seller

§  Timetable of the Due Diligence Process

§  Common Findings and Pitfalls

§  Remediation Steps

§  Effects on Valuation and Go/no-go Decisions

§  Use for Integration with the Acquiring Company

Speakers/Faculty Panel

Palamida, Inc.

Mr. Jeff Luszcz

Founder and CTO

Tech Law Garden

Ms. Tennille Christensen

Attorney

Sidley Austin LLP

Mr. Jeffrey S. Rothstein

Partner

For an updated list of the faculty panel, please visit:

https://theknowledgegroup.org/open-source-software-the-te...

About The Knowledge Group/The Knowledge Congress Live Webcast Series

The Knowledge Group brings together the world's leading authorities and industry participants through informative two-hour webcasts that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.

Visit http://theknowledgegroup.org/ for further information and inquiry.