SAN FRANCISCO, January 23, 2020 – Today, the OpenChain Project welcomes GTC Law Group PC & Affiliates as our latest official partner. GTC, based in the United States, specializes in IP Strategy, Mergers & Acquisitions, and Business & Technology Transactions for IP-centric companies and institutions worldwide. Their engagement with the OpenChain Project marks another milestone in building out global support for user companies adopting our industry standard for open source compliance.
The OpenChain standard defines inflection points in business workflows where a compliance process, policy or training should exist to minimize the potential for errors and maximize the efficiency of bringing solutions to market. The companies involved in the OpenChain community number in the hundreds. The OpenChain standard is being prepared for submission to ISO and evolution from de facto into a formal standard in 2020.
“The OpenChain standard has the potential to both bring much-needed clarity to open source compliance programs and to reduce duplication of efforts in compliance programs and during M&A and investment transactions” says GTC’s Leon Schwartz. “We look forward to continuing and growing our relationship with OpenChain and helping drive the standard’s adoption worldwide” adds GTC’s Tony Decicco.
“As OpenChain has seen increased adoption globally there has been a steady push for expanding the network of support available for user companies refining their compliance programs,” says Shane Coughlan, OpenChain General Manager. “Our relationship with GTC helps bolster our position in both the North American and global market, and it also formalizes our cooperative relationship in a manner aligned with the project’s strategic goals. I am looking forward to close collaboration with the GTC team as we support our user companies in the global rollout of the OpenChain standard in the supply chain.”
About GTC’s Open Source Compliance and Due Diligence Group
GTC’s open source compliance and due diligence group is staffed by attorneys and paralegals almost all of whom are former software developers. This allows GTC to provide clients with practical solutions to their open-source-related questions and concerns. From code reviews performed in the context of transactions (such as mergers & acquisitions, investments and IPOs) to helping clients develop compliance programs and implement robust and nimble open source policies across large and small organizations, GTC prides itself on providing actionable, real-world advice that helps its clients leverage open source software in their products and create and contribute to open source projects, all while understanding and mitigating the risks involved.
For more information about GTC, please see: www.gtclawgroup.com.
About the OpenChain Project
The OpenChain Project builds trust in open source by making open source license compliance simpler and more consistent. The OpenChain Specification defines a core set of requirements every quality compliance program must satisfy. The OpenChain Curriculum provides the educational foundation for open source processes and solutions, whilst meeting a key requirement of the OpenChain Specification. OpenChain Conformance allows organizations to display their adherence to these requirements. The result is that open source license compliance becomes more predictable, understandable and efficient for participants of the software supply chain.
About The Linux Foundation
The Linux Foundation is the organization of
choice for the world’s top developers and companies to build ecosystems
that accelerate open technology development and industry adoption.
Together with the worldwide open source community, it is solving the
hardest technology problems by creating the largest shared technology
investment in history. Founded in 2000, The Linux Foundation today
provides tools, training and events to scale any open source project,
which together deliver an economic impact not achievable by any
one company. More information can be found at www.linuxfoundation.org.
The Linux Foundation has registered trademarks and uses trademarks. For a list of trademarks of The Linux Foundation, please see our trademark usage page: https://www.linuxfoundation.org/trademark-usage.
Linux is a registered trademark of Linus Torvalds.