Industry veterans bet on open-source model

A team of computer industry veterans, including a former Microsoft executive, are launching an open-source company that aims to be the Dell of the software industry.

The company, called SourceLabs, will provide certification, testing and ongoing support services for open-source software components. On Tuesday, the company announced that it has received $3.5 million in initial funding from Ignition Partners and Index Ventures.

The idea behind SourceLabs is that corporate customers need a reliable partner to procure and maintain open-source products, much as they rely on Dell to provide computing gear, said Brad Silverberg, lead investor at Ignition and a former Microsoft senior vice president who helped expand the software giant's Windows business. SourceLabs is the first open-source start-up he has been involved in.

News source: C|Net News.com

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