The Kuali Foundation coordinates the development of free/open source administrative software under the Educational Community License. The name Kuali came from the Malaysian word for wok. At a time when many colleges and universities are paying tens of millions of dollars for administrative systems, the notion of a wok — a humble, but essential dish — seemed appropriate.
The Kuali Foundation is incorporated in the United States as a not-for-profit, 501(c)(3) corporation. Its members are colleges, universities, commercial firms, and interested organizations that share a common vision of open, modular, and distributed software systems.
The goal of Kuali is to bring the proven functionality of legacy applications to the ease and universality of online services. The Foundation is working on the following initiatives:
- Kuali Financial Systems (KFS)
- Kuali Research Administration (KRA)
- Kuali Endowment Module (KEM)
- Kuali Rice (Software Development Simplified)
- Kuali Student (KS)
The project was formally announced in August 2004; its initial non-profit members were Indiana University, the University of Hawaii, and the National Association of College and University Business Officers (NACUBO).
In October 2006, the Foundation announced the first release of the open source Kuali Financial System (KFS). KFS was funded in part by a USD 2.5 million grant from the Andrew W. Mellon Foundation. It also announced that the its next development project would be Kuali Research Administration.
In November 2006, the rSmart Group announced that it was selling a pre-configured instance of the Kuali Financial System. The first implementation of this software, by Strathmore University in Kenya, was announced in July 2007.
Source- wikipedia, image source – kuali foundation