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What is the difference between regularly licensed software and open source software ?

Regularly licensed software is usually closed source, developed by a small group and not open to review by outsiders, and is usually purchased for a one time or renewable licensing fee.

Open source software is community developed software which is open to review by anyone and is usually free.

Why do we prefer open source software? Because by utilizing open source software we are able reduce the end cost to our customers as well as providing a software platform whose security is constantly under community scrutiny.