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10 open source companies to watch

10 open source companies to watch

Products range from databases to data integration

Company name: Marketcetera

Founded: April 2006. The 1.0 product will launch by the end of 2008

Location: San Francisco and New York

What does the company offer? The company has developed the financial industry's first open source platform for automated trading systems.

Why is it worth watching? Marketcetera gives trading companies an open platform that translates into more flexibility and control, and faster deployments which can result in considerable cost benefits.

How did the company get its start? Founders Graham Miller and Toli Kuznets worked for years as software developers and executives in hedge funds and found themselves repeatedly implementing the same trading systems. They tapped the rise in algorithmic trading and the acceptance of open source in the financial services industry to create a platform and offer services.

How did the company get its name? The company thought "Market" + etcetera" was a clever wordplay.

CEO and background: Graham Miller has more than 10 years of experience in the finance and software industries. He recently was director of electronic trading strategies for a New York-based hedge fund and worked for Jane Street Capital, which included overseeing the development of several high-throughput black box trading systems. He holds bachelor's and master's degrees in computer science from Stanford University, with a concentration in artificial intelligence.

Funding: Led by Shasta Ventures, the company received US$4 million in January 2008.

Who's using the product? Hedge funds and investment banks of all sizes.

Company name: Vyatta

Founded: 2005

Location: California

What does the company offer? The first commercially supported open source router/firewall/VPN solution, which appeared in 2006.

Why is it worth watching? The company is combining x86-based processors and multicore technologies with open source code and communities. Vyatta's routing and security appliances scale from branch-office to service-provider installations.

How did the company get its start? Vyatta was founded by Allen Leinwand, venture partner at Panorama Capital and an early Cisco employee, who took his cue from an open source router project out of the International Computer Science Institute in Berkeley.

How did the company get its name? The word "vyatta" is ancient Sanskrit and means open.

CEO and background: Before joining Vyatta, Kelly Herrell was the senior vice president of strategic operations at MontaVista Software. Previously, he was vice president of marketing for Cobalt Networks, a provider of open source-based server appliances for Web hosting. He also worked at CacheFlow, Oracle, NCR, Teradata and AT&T. He has a bachelor's degree in marketing from Washington State University, and an MBA from Cornell University.

Funding: Vyatta completed Series B funding in April 2007, to bring its total venture capital funding to US$18.5 million. Investors include Panorama Capital, Comcast Interactive Capital, ComVentures and ArrowPath Venture Partners.

Who's using the product? Vyatta's Community Edition software has been downloaded more than 200,000 times by organizations in aerospace and defense, education, financial services, government, and technology. Corporate customers include enterprise, service provider and governments.

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