Published on 2007-06-14 12:46:51
Three open source projects phpAdsNew, phpPgAds and Max Media Manager have joined forces to create a single and global solution that is called OpenAds. The solution which is very well known for the PHP Community and the advertising business, have been used widely even by very well known advertising companies such FMpub. The investment have been raised by Index Ventures, Mangrove Capital Partners, and a number of incredible angel investors - to help Openads realise its vision: to become the platform that all websites use to make money online.
According to OpenAds Blog, the money will help releasing new versions of the software fast. A good news for an open source PHP project which is moving a step forward to confirm its position as best "ad server". Currently 3 different version of OpenAds is available for download, but this going to be merged very soon. Also I wanted to mention that OpenAds is hiring, if you are around central London you might check this. Below the press release :
Openads, the developer of a free, open source adserver designed for and used by publishers worldwide, secured a $5 million Series A financing led by Index Ventures, with participation from First Round Capital, Mangrove Capital Partners, and O'Reilly AlphaTech Ventures. The London-based company plans to use the funds to accelerate product development and expand its team.Read More
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