open source solution

How to make the brave move from commercial to open source

open source business

I work for a private ISV and consultancy company focused on delivering software products for financial institutions. Three years ago my company decided to share our achievements and knowledge by publishing our application, FinTP, for processing financial transactions under an open source license.

Here, I will explore the changes a company has to undertake when embarking on the transition from a traditional business model to a business model that supports open source. This is based on nine years of experience with a once commercially-available solution. The motivation for a transition like this comes from our company's ambition to be in a position of leadership in this changing and challenging industry.

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