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Geeknet Joins Open Invention Network as Licensee
Wednesday, November 10, 2010
Durham, NC & Mountain View, CA -- Geeknet and Open Invention Network (OIN) today announced the signing of Geeknet as an OIN licensee. OIN's mission is to enable and protect Linux. By becoming a licensee, Geeknet, the online network for the global geek community through sites such as SourceForge and Slashdot, has joined the growing list of companies that recognize the importance of participating in a substantial community of Linux supporters and leveraging the Open Invention Network to further spur open source innovation.
"Geeknet is a leading resource for open source software development and distribution," said Scott Collison, Chief Product Officer of Geeknet. "We believe that by becoming an Open Invention Network licensee, we encourage further open source development and promote innovation in a technical community that benefits everyone."
"Given its significant contributions to open source software development and its leadership with the tech savvy community, we are pleased to have Geeknet join OIN as a licensee," said Keith Bergelt, CEO of Open Invention Network. "By signing our license, Geeknet affirms that it values the continued openness of Linux and demonstrates its willingness to stand together with others in the open source community. We applaud the company's foresight in taking this step."
Patents owned by Open Invention Network are available royalty-free to any company, institution or individual that agrees not to assert its patents against the Linux System. This fosters additional investment in, and adoption of, Linux, which in turn helps to fuel economic growth. By developing a web of Linux developers, distributors, sellers, resellers and end-users that license its patent portfolio, Open Invention Network is creating a supportive and open ecosystem for Linux.
OIN has amassed a broad portfolio of patents, including patents held by nominees on its behalf. These patents are available to all licensees as part of the patent portfolio that OIN is creating around and in support of Linux. Its license agreement can be found at www.openinventionnetwork.com/pat_license_agreement.php.
About Geeknet, Inc.
Geeknet is the online network for the global geek community. Our sites include SourceForge, Slashdot, ThinkGeek, Geek.com, and freshmeat. We serve an audience of 48 million users each month and provide the tech-obsessed with content, culture, connections, commerce, and all the things that geeks crave. Want to learn more? Check out www.geek.net.
About Open Invention Network
Open Invention Network is a collaborative enterprise that enables innovation in open source and an increasingly vibrant ecosystem around Linux. It does this by acquiring and licensing patents, influencing behaviors and policy and protecting the integrity of the ecosystem through strategic programs such as Linux Defenders. OIN enables the growth and continuation of open source software by fostering a healthy Linux ecosystem of investors, vendors, developers and users.
Open Invention Network has considerable industry backing. It was launched in 2005 by IBM, NEC, Novell, Philips, Red Hat and Sony. OIN has received supplemental financial support from Canonical. For more information, visit www.openinventionnetwork.com.
NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on our current expectations, and involve risks and uncertainties. Forward-looking statements contained herein include statements regarding the patent license pool and its affect on the online traffic to our media sites. Actual results may differ materially from those expressed or implied in such forward-looking statements due to various factors, including: success of the patent pool to in fostering additional open source development and the resulting increases, if any, to our revenue. Investors should consult our filings with the Securities and Exchange Commission, sec.gov, including the risk factors section of our Annual Report on Form 10-K for the year ended December 31, 2009 and our quarterly report on Form 10-Q for the period ending September 30, 2010, for further information regarding these and other risks of our business. All forward-looking statements included in this press release are based upon information available to us as of the date hereof, and we do not assume any obligations to update such statements or the reasons why actual results could differ materially from those projected in such statements.
Geeknet is a trademark of Geeknet, Inc. SourceForge, Slashdot, ThinkGeek, Geek.com, and freshmeat are trademarks of Geeknet, Inc. in the United States and other countries. Open Invention Network, the Open Invention Network logo, Linux Defenders, Linux Defenders 911 and the Linux Defenders 911 logo are registered trademarks or the property of Open Invention Network, LLC. All other names and brand marks are the property of their respective holders.
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