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In March 2015, [[SmartBear Software]] acquired the open-source Swagger API specification from Reverb Technologies, Wordnik's parent company.<ref>{{Cite web|title = SmartBear Assumes Sponsorship of Swagger API Open Source Project|url=https://smartbear.com/news/news-releases/sponsorship-of-swagger/|website = SmartBear|access-date = 2015-03-25}}</ref>
In November 2015, SmartBear announced that it was creating a new organization called the OpenAPI Initiative under the sponsorship of the [[Linux Foundation]]. Other founding member companies included [[3scale]], [[Apigee]], [[Capital One]], [[Google]], [[IBM]], [[Intuit]], [[Microsoft]], [[PayPal]], and Restlet.<ref name="faqs">{{cite web |title=FAQ |url=https://www.openapis.org/faq#OAIFAQ-History |website=OpenAPI Initiative |access-date=12 November 2019}}</ref><ref>{{Cite news|url=http://www.programmableweb.com/news/%E2%80%8Bsmartbear-linux-foundation-launch-open-api-initiative-to-evolve-swagger/2015/11/10|title=SmartBear, Linux Foundation launch Open API Initiative to Evolve Swagger|date=2015-11-10|work=ProgrammableWeb|access-date=2016-04-21}}</ref><ref>{{Cite web|url=http://www.linuxfoundation.org/news-media/announcements/2015/11/new-collaborative-project-extend-swagger-specification-building|title=New Collaborative Project to Extend Swagger Specification for Building Connected Applications and Services|website=linuxfoundation.org|access-date=2016-04-22|url-status=dead|archive-url=https://web.archive.org/web/20160427104213/http://www.linuxfoundation.org/news-media/announcements/2015/11/new-collaborative-project-extend-swagger-specification-building|archive-date=2016-04-27}}</ref> SmartBear donated the Swagger specification to the new group. [[RAML (software)|RAML]] and [[API]] Blueprint were also under consideration by the group.<ref>{{Cite web|url=http://www.infoworld.com/article/3014506/apis/in-2016-the-need-for-an-api-meta-language-will-crystallize.html|title=In 2016, the need for an API meta-language will crystallize|last=Montcheuil|first=Yves de|website=InfoWorld|access-date=2016-04-25}}</ref><ref>{{Cite web|url=http://www.infoq.com/news/2016/04/Amazon-API-Gateway-Swagger|title=Amazon API Gateway Now Supports Swagger Definition Import|website=InfoQ|access-date=2016-04-25}}</ref>
On 1 January 2016, the Swagger specification was renamed the OpenAPI Specification (OAS) and was moved to a new [[GitHub]] [[Software repository|repository]].<ref>{{cite web |last1=OpenAPI Initiative |title=OpenAPI Specification |url=https://github.com/OAI/OpenAPI-Specification |website=GitHub |access-date=12 November 2019}}</ref>
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