Alfresco Software today announced the availability of Alfresco Labs (Beta) 3, the open source alternative to Microsoft® SharePoint®. Alfresco Labs 3, formerly called Alfresco Community, offers Microsoft users greater choice by providing them with the first open source fully-compatible SharePoint repository. With Alfresco Labs 3, companies can leverage existing investments in Linux and Java as well as Microsoft .NET connection software to significantly reduce their SharePoint total cost of ownership and maximize their hardware and software investments. Alfresco Labs 3 will be available for download at http://wiki.alfresco.com/wiki/Alfresco_Labs_3