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Bloomberg joins Linux Foundation as Gold member

First Published 18th February 2015

Increased investment in open source to help advance technology for quantitative finance, machine learning and more.

Shawn Edwards, Bloomberg

Shawn Edwards, Bloomberg

"Our developers, and our customers, benefit greatly from the rapid pace of innovation taking place in the open source community."

Linux Foundation, the nonprofit organization dedicated to accelerating the growth of Linux and collaborative development, has 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 uses its technology to deliver real-time data, news, and analytics to 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."