"Well, we acquired Intellectual Property and Copyrights related to the development of PC-BSD and associated domains as well as the brains behind the operation," Matt Olander of CTO iXystems told internetnews.com.
"You can't really "acquire an open source project", but you can fund development, provide equipment and testing, etc."
Kris Moore, founder of the PC-BSD project explained that technically PC-BSD also had a business side to it (PC-BSD Software), which owned the name and trademarks.
"However, critical aspects such as source and such will still stay BSD licensed," Moore told internetnews.com.
IXystems expects to recognize a return on investment from its acquisition of PC-BSD by helping to increase BSD adoption, distribution, and development of both PC-BSD and FreeBSD. Olander figures more adoption should eventually increase demand for certified and tested server and storage hardware platforms.
Here is the official press release from iXystems.