Profitability first, then open source, works for Projity
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Projity is a company that provides two alternatives to Microsoft's popular Project application. Project-On-Demand is software-as-a-service (SAAS) code that runs in any browser and is available via a monthly subscription. OpenProj is a desktop version of the application that is built on Java and is licensed with the Common Public Attribution License (CPAL). Though Projity only recently "open sourced" its project management application, CEO Marc O'Brien says that the company's plan "the entire time" was to eventually do just that.
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