Interface21, which now goes by SpringSource, is looking to add a little bounce to its business, snapping up fellow open source company Covalent Technologies.
SpringSource, which announced the acquisition Tuesday, develops a popular open-source tool called Spring Framework, which aims to speed up the development of Java applications for enterprise servers. With its acquisition, SpringsSource is looking to bolt on Covalent's products and services that target Apache Software Foundation open source projects, such as the Apache Tomcat Application Server and Apache Geronimo Application Server. Both companies derive revenues from selling support services.
In summing up the benefits of the merger,
Rod Johnson, SpringSource chief executive, noted in his blog: "Not only does Covalent bring Apache leadership, but our combined company now has significant leadership on Apache Tomcat and HTTP. Two weeks ago, Sun paid $1 (billion) for the "M" in LAMP. Now that Covalent's outstanding Apache expertise and services are part of SpringSource, we are strong leaders in the "A."
The "M" Johnson is referring to is Sun Microsystem's mega-buyout deal of open source database company MySQL. And the "A," of course, is for Apache. Both are part of the popular open-source development products referred to as LAMP, which stands for Linux, Apache Web server, MySQL, and the PHP development language that is used by enterprise companies and on the Internet.
The acquisition is designed to serve as a one-stop-shop, allowing the combined company to provide open source products and services to quickly develop, test, deploy and run enterprise applications using Apache Software Foundation projects and SpringSource's Spring Portfolio.
Financial terms of the deal were not disclosed. But it's unlikely SpringSource used up all the $10 million it raised in venture funding last May to do the deal.
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