Linux not behind investment bank open source shindig

Journos suffer buzzword blindness

About a week ago, we wrote about plans by Dresdner Kleinwort Wasserstein, the German investment bank, to release its Openadaptor software to the open source community.

It seems that we, along with a lot of other publications, got the wrong end of the stick. In the first report we said it was based on Linux, Apache and a bunch of other stuff that wasn't quite right.

My only excuse is that my editor made me do it, and a pretty poor excuse it is too.

The software, which the bank developed and has been using in house for the last two and a half years, allows distinct systems and devices to connect to each other on the Net.

It allows any system to talk to any other system, often without any extra code, the banks says. This means that a whole supply chain can be linked, along with internal systems, while still allowing access to the Web.

It will be hosted on SourceCast, a system designed by CollabNet to allow programmers from different companies to work on projects together over the Internet.

Because it is open-source software, individual companies will be free to tweak it for their own systems. Anyone interested in adding their two-pennies worth to the mix should check out OpenAdaptor.org

Original Story

Banking software goes Open Source

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