OpenAds, formerly phpAdsNew is an Open Source advertising management script, or at least it was. For a good overview I recommend Tims excellent introduction to OpenAds.
But that has changed somewhat overnight
OpenAds are adding a free hosted version of their sofware, though it is currently in closed beta.
Even with the improvements they made with version 2.4, and certainly those changes were critical for this move to make it more resource efficient, they are going to need some hefty infrastructure in place to serve all the ad units for multiple sites.
So that is one area the new series b funding by new investor Accel Partners will be used.
The big questions are who they are going to decide to go up against, and how are they going to generate revenue?
