Oxford, U.K. (PRWEB) February 17, 2009
Software company, The Development Cloud has announced that it is to distribute 50% of the revenues of its commercial software products to contributors of the associated open source software projects allowing contributors to earn uncapped financial rewards.
All proprietary code for products sold by The Development Cloud is to be transferred to open source projects for input from the global development community as well as internal development teams. Contributors to these projects whose input is included in the commercial versions of each product will receive a percentage of product revenues as decided by a regular committee with independent representation.
Tim Joslyn, co-founder of the Development Cloud explains:
"The explosion of the Internet and collaboration technologies means that any organisation can now operate from a global platform. Staffing is no longer a localised affair, our colleagues are now spread across all continents and the pace of innovation is constantly accelerating as virtual communities separated by language, laws and geographic boundaries work on common projects and goals. We have developed 'the cloud' resourcing model allowing any developers around the world to get involved in our projects and get financially rewarded. Rather than seeing this as giving away revenues we see this as a way to benefit from a global pool of talent providing unparalleled levels of expertise. In turn this will only increase our ability to provide our customers with the most innovative solutions developed to the highest standards at the fastest pace. We believe this is a first, other companies have sought to reward open source developers but nobody before has based their entire business model around rewarding the community in a clear and transparent model. We invite the community to directly share in our success"
The Development Cloud provides products in the Application Delivery and Systems Management arena and is currently inviting developers to join its cloud program. More information can be found from the website http://www.thedevelopmentcloud.com.
About The Development Cloud:
The Development Cloud is a pioneer in Application Delivery and Systems Management software solutions serving customers globally. As well as providing class leading software, the innovative 'Cloud' resourcing and revenue sharing model means that The Development Cloud's development teams have access to an unlimited global pool of talent.
The Development Cloud is privately held and is based in Oxford in the United Kingdom.
Tim Joslyn, Commercial Director
The Development Cloud
+44 (0) 333 900 1023