OTRS AG to float on German stock exchange
Bad Homburg-based OTRS AG, the company behind popular open source help desk system Open Ticket Request System (OTRS), will float on the Frankfurt Stock Exchange on the 23rd of December, 2009. The purpose of the float is to "broaden OTRS AG ownership" and thus implement "the open source software movement philosophy in the business world," explained André Mindermann, chairman of the executive board. The company wants, according to Mindermann, to offer the OTRS community the opportunity to share in its success.
Open Ticket Request System is a free help desk solution which runs under Windows, Linux, Mac OS X and Unix. The company, which offers OTRS-related services and drives OTRS development, was founded by Martin Edenhofer in 2003. According to the vendor, the product is used by 60 per cent of DAX-30 companies.