The Berkeley Electronic Press (bepress) has acquired the Digital Commons institutional repository software from ProQuest. bepress was the original creator of the software.
Here's an excerpt from the press release:
ProQuest and The Berkeley Electronic Press ("bepress") today announced that they have reached an agreement for bepress to purchase ownership of Digital Commons, the world's leading hosted institutional repository solution. Bepress will be adding sales and marketing staff and augmenting its existing customer support and services in addition to the hosting and technology services that it has always provided Digital Commons customers.
Bepress Chairman, Aaron Edlin, said "Institutional Repositories are core to the bepress mission of furthering scholarly communication and thus bepress is excited at the opportunity to build a close relationship with Digital Commons customers. Developing successful and vibrant Institutional Repositories will be bepress's central focus."