SOURCE: VA Software, Inc.

May 23, 2006 16:10 ET

VA Software Announces Management Change

FREMONT, CA -- (MARKET WIRE) -- May 23, 2006 --VA Software Corporation (NASDAQ: LNUX), the online media, software and e-commerce leader in community-driven Open Source innovation, today announced the resignation of Kathleen McElwee, senior vice president and chief financial officer. Ms. McElwee is resigning effective June 9, 2006, to pursue an opportunity with a private, late-stage company in the consumer directed health market.

Immediately following Ms. McElwee's departure on June 9, 2006, VA Software will appoint Jeffrey Chalmers, who is currently serving as the Company's controller, as interim chief financial officer while it searches for a permanent replacement for Ms. McElwee.

"Kathy has been a key member of VA Software's executive management team for four years and her leadership and financial acumen will be missed," said Ali Jenab, president and CEO. "We wish Kathy the best in her future endeavors and thank her for her contributions. I am confident that our strong management team, well-run finance organization and aggressive recruiting plan will enable us to successfully and quickly transition through this change."

About VA Software

VA Software Corporation (NASDAQ: LNUX) is the online media, software and e-commerce leader in community-driven Open Source innovation. VA Software is the parent company of OSTG, Inc. (Open Source Technology Group) and the creator of SourceForge. SourceForge Enterprise Edition optimizes distributed software development for Fortune 500 companies.

OSTG, Inc., the cornerstone of the Open Source movement, is the leading online network for IT managers and development professionals. OSTG technology-focused sites include Slashdot.org, SourceForge.net, ITManagersJournal.com, NewsForge.com, Linux.com and freshmeat.net. SourceForge.net is the global nexus for the Open Source community with more than 120,000 Open Source projects and over 1.3 million registered users. OSTG also runs ThinkGeek.com, an online retailer of technology products. OSTG receives more than 270 million page views and over 30 million unique visitors monthly.*

For more information about VA Software, visit www.vasoftware.com. For more information about OSTG, visit www.ostg.com.

Slashdot, freshmeat, ThinkGeek and SouceForge.net are trademarks or registered trademarks of OSTG, Inc., in the United States and/or other countries. VA Software, OSTG, and SourceForge are trademarks or registered trademarks of VA Software Corporation in the United States and/or other countries. All other product or brand names herein are the properties of their respective owners.

* Google Analytics for the period ending March 31, 2006.

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