Node.js is an open source code base built over Chrome's JavaScript runtime for developing fast and scalable network applications. Linux Foundation recently launched Node.js Foundation to make Node.js development activities more organized. Node.js Foundation is powered mainly by Linux Foundation and it is also backed by IBM, Joyent and io.js
According to a news article published in eweek portal :
The widely deployed open-source Node.js programming framework is being reunited June 16 as the new Node.js Foundation, run as a Linux Foundation collaborative project. The Node.js community has been in turmoil this year with the io.js project publicly splitting from the original Node.js project started by Joyent. With the new foundation, the two communities are coming back together with support from multiple vendors.The Node.js Foundation has the support of Famo.us, IBM, Intel, Joyent, Microsoft, PayPal, NodeSource, Progress Software, Codefresh, DigitalOcean, Fidelity, Groupon, nearFORM, npm, Sauce Labs, SAP, StrongLoop and YLD!. It will join other collaborative efforts hosted by the Linux Foundation, including Cloud Foundry, AllSeen Alliance, OpenDaylight and OPNFV, among others.