"Over time, it will be open sourced. Right now we compete with Progeny and Red Hat and other companies, so we need to have a unique offering to do so effectively, and that's Launchpad. There are already libraries and tools in LP that we have open sourced on request, especially in Rosetta, the translation infrastructure. ..." MarkShuttleworth
It seems that Canonical is closer to its goal of being the 'unique' (read monopoly) company that it wants to be. No matter what the reason is for Progeny to cease operations, the end result is that there is one less competitor for Canonical.
Regards, Debarshi