The company sells subscriptions for enterprise support, maintenance, and upgrades for open source software, including SASH, offers a proprietary Open Source Management System and is also behind the wiki website SWiK, a community project that documents open source software.
The acquisition fee remains undisclosed, and like Matt Asay over at CNET, we’re not really sure what the reason behind EMC’s decision was. He also mentions that SourceLabs had been shopping collaboration project SWiK separately for a couple of weeks to no avail, so it’s highly unlikely EMC bought SourceLabs for the community site rather than the people, know-how and client list. It also seems EMC used its brand new subsidiary Decho, formed from two previous acquired companies Mozy and Pi Corp, for this acquisition.
SourceLabs raised $7 million in venture funding in October 2006 from Madrona Venture Group, which led the round, Ignition Partners and Index Ventures.