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                            P R E S S   R E L E A S E
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VA SOFTWARE CORPORATION COMPLETES $15.0 MILLION PRIVATE PLACEMENT

FREMONT,  CA--November 6, 2003--VA Software Corporation (Nasdaq: LNUX), provider
of SourceForge(TM),  the award-winning  collaborative  software  development and
management  platform  for  globally-sourced  software  development,  and  parent
company of OSDN(TM),  a network of media and commerce  Internet sites that serve
the IT  and  software  development  communities,  today  announced  that  it has
completed a private  placement of 3,529,412  shares of VA Software  common stock
with an  institutional  investor  at an  issue  price  of $4.25  per  share  for
aggregate proceeds of approximately $15 million. The institutional investor also
received  three-year  warrants  to  purchase  a total of  705,883  shares  of VA
Software  common  stock at an  exercise  price of $6.00 per share.  VA  Software
intends to use the  proceeds  for working  capital.  The private  placement  was
facilitated by Wharton Capital Partners Ltd.

The  common  stock  sold to the  investor  has not  been  registered  under  the
Securities Act of 1933. Accordingly,  these shares may not be offered or sold in
the United  States,  except  pursuant  to the  effectiveness  of a  registration
statement or an applicable  exemption from the registration  requirements of the
Securities Act. VA Software has agreed to file a registration statement covering
resales of these shares by the investor. This press release shall not constitute
an offer to sell or the  solicitation of an offer to buy the common stock.  This
press release is being issued pursuant to and in accordance with Rule 135c under
the Securities Act.

About VA Software

VA Software (Nasdaq:  LNUX) is the provider of SourceForge  Enterprise  Edition,
the web-based application that significantly increases a company's return on its
investment  in software  development.  SourceForge  improves  communication  and
collaboration  among  multi-site  team  members  and  gives  managers  real-time
visibility and control over their projects, regardless of location.  SourceForge
enables higher  developer  productivity and faster project  completion,  whether
teams  are  in-house,   outsourced,  onshore  or  offshore.  More  than  750,000
developers use SourceForge technology to power their global development efforts.
VA Software customers currently using SourceForge include major organizations in
financial  services,  defense and aerospace,  manufacturing,  communications and
government.  Information on how SourceForge  aligns IT and business is available
at www.vasoftware.com.

OSDN, the Open Source Development Network, Inc., a subsidiary of VA Software, is
the most dynamic  community-driven  IT media network on the web. The cornerstone
of the Open Source community, OSDN attracts every level of IT decision maker and
buyer,  from CTOs to  project  managers.  Technologists,  developers  and system
administrators turn to OSDN sites to create,  debate, and make or break IT news,
tools,  technologies  and  techniques.  OSDN is the home of




several  popular web sites,  including the award winning news  discussion  site,
Slashdot.org,  and the world's largest collaborative  software development site,
SourceForge.net.

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Note to editors: VA Software,  SourceForge and OSDN are trademarks or registered
trademarks of VA Software  Corporation in the United States and other countries.
Slashdot is a registered trademark of the Open Source Development Network, Inc.,
in the United States and other countries.

Contact:

Investor Relations
VA Software Corp.
(510) 687-8731
ir@vasoftware.com