Founded in 2009, OpenGamma is an open source solution for risk management.

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While an open source approach isn't the right solution for every software need, using and contributing back to open source software is one way that we're making it easier for the government to share data, improve tools and services, and return value to taxpayers.

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"They have figured out that for a fraction of the cost of buying new hardware, they can sponsor us to find a solution in open source, " he said.

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Both Memcached, which accelerates existing relational databases like MySQL, and Redis, which is a complete, stand-alone database and acceleration solution, are open source technologies.

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He wishes that the company had gone to market from the outset as a cloud-based solution, rather than taking a detour through open-source.

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