Posted on février 16, 2009 09:01
SANTA CLARA, Calif.--(BUSINESS WIRE)-- DotNetNuke Corporation today announced that Larry Augustin, angel investor and distinguished open source icon, has joined the Company's Board of Directors. Mr. Augustin had previously been serving as a Business Advisor to the Company and his appointment comes on the heels of the Company's recent Series A investment announcement.
"Larry brings an incredible wealth of knowledge and wisdom to DotNetNuke Corporation based on his past efforts in pioneering and legitimizing the commercial open source business model," said Navin Nagiah, DotNetNuke Corporation's CEO. "Larry is going to be a terrific Director and we're excited and honored that he has recognized DotNetNuke as a dominant force in today's software industry."
"The momentum behind DotNetNuke is phenomenal. With 5.6 Million cumulative downloads, growing at the rate of 140,000 per month, and 12,000 new publicly facing Web sites built on this platform going live each month, the success of the DotNetNuke platform is unquestionable. I'm looking forward to helping the management team leverage the mass adoption of DotNetNuke into a scalable business model that delivers significant value to customers," said Larry Augustin.
Larry Augustin is an angel investor and advisor to early stage technology companies. He currently serves on the Boards of Directors of Appcelerator, Compiere, DeviceVM, DotNetNuke, Fonality, Hyperic, Medsphere, Pentaho and SugarCRM. One of the group who coined the term "Open Source", he has written and spoken extensively on Open Source worldwide. Worth Magazine named him to their list of the Top 50 CEOs in 2000. From 2002 to 2004 he was a Venture Partner at Azure Capital Partners. In 1993 he founded VA Linux (now SourceForge, NASDAQ:LNUX) serving as CEO until August 2002. While CEO he launched SourceForge.net and led the company through an IPO in December 1999. Larry can be found online at http://lmaugustin.com.