Increased Investment in Open Source to Help Advance Technology for Quantitative Finance, Machine Learning and More
Santa Rosa, Calif., COLLABORATION SUMMIT 2015, February 18, 2015 — The Linux Foundation, the nonprofit organization dedicated to accelerating the growth of Linux and collaborative development, today announced that Bloomberg is joining the organization as a Gold member.
Gold membership is the second-highest corporate membership tier at The Linux Foundation and demonstrates a significant commitment and investment in open source. Gold members of The Linux Foundation include Cisco, Citrix, Electronics and Telecommunications Institute (ETRI), Google, Huawei, Hitachi, NetApp, Panasonic, Renesas, SR Tech Labs, SUSE, Toyota and Verizon Terremark.
Bloomberg is a global business and financial information powerhouse using its unique technology to deliver real-time data, news, and analytics to influential decision makers. Bloomberg is increasingly using and contributing to open source technologies throughout its infrastructure and for its Bloomberg Professional service (aka “The Terminal”), as well as its media properties. Among them include Linux, Hadoop, OpenStack and Solr. With customers constantly requiring new ways to obtain and view information, Bloomberg’s R&D team greatly benefits from the accelerated technological development open source provides.
By joining the Linux Foundation, Bloomberg will help advance the Linux ecosystem and its own developments in areas such as quantitative finance, machine learning, scalable computing, and mobility. As a new Linux Foundation member, Bloomberg will continue to take on a more prominent role in the broader community development and collaboration behind Linux.
Bloomberg is already a member of the Core Infrastructure Initiative, a multi-million dollar project housed at The Linux Foundation to fund open source projects that are critical to core computing functions. Bloomberg is also participating at The Linux Foundation’s Collaboration Summit 2015 today and plans to join other companies at Linux Foundation Legal Summit(s).
“Bloomberg is a big supporter of open innovation and open source initiatives that align with our software development and business priorities,” said Shawn Edwards, Chief Technology Officer at Bloomberg LP. “Our developers, and our customers, benefit greatly from the rapid pace of innovation taking place in the open source community. We look forward to continuing to work closely with The Linux Foundation and to both learn from and contribute to the community in a way that benefits the entire Linux ecosystem.”
“We are excited to welcome Bloomberg to The Linux Foundation,” said Jim Zemlin, Executive Director at The Linux Foundation. “Bloomberg’s growing commitment to Linux gives it a compelling market advantage, one that will undoubtedly help solve complex computing problems for the world at large.”
About The Linux Foundation
The Linux Foundation is a nonprofit consortium dedicated to fostering the growth of Linux and collaborative software development. Founded in 2000, the organization sponsors the work of Linux creator Linus Torvalds and promotes, protects and advances the Linux operating system and collaborative software development by marshaling the resources of its members and the open source community. The Linux Foundation provides a neutral forum for collaboration and education by hosting Collaborative Projects, Linux conferences, including LinuxCon and generating original research and content that advances the understanding of Linux and collaborative software development. More information can be found at www.linuxfoundation.org.
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Trademarks: The Linux Foundation, Linux Standard Base, MeeGo, Tizen, and Yocto Project are trademarks of The Linux Foundation. Linux is a trademark of Linus Torvalds.