Found: Another Profitable Open Source Company

Article Source The VAR Guy

Alas, Red Hat is the only publicly held open source company that’s consistently profitable. Finding privately held, profitable open source companies is like searching for the proverbial needle in the… well, you get the picture. But during a July 7 conference call, The VAR Guy stumbled onto a profitable, channel-driven open source company that’s making the leap from Europe to North America. Here’s the scoop.

First, a little background. Yes, Red Hat is solidly profitable thanks to growing sales of Red Hat Enterprise Linux and JBoss middleware. Rival Novell often generates profitable quarters but the profits are based on Novell‚Äôs complete software portfolio; the company‚Äôs SUSE Linux business is not yet consistently profitable, The VAR Guy hears…