Nick writes:

??????After much discussion, we??????ve decided that the deal proposed by PayPerPost just isnt right for us or our community. It??????s regrettable that we should part ways as I still feel that Dan and Ted are stand up guys breaking new ground, but in the end, the deal was just not right for them or us.??????

Instead – their metrics package will become Open Source which means it will end but become available to the developer community to do with as they please.

Nick is also recommending that if you do not want to wait for the open source version to be released that you should try Feedburners Blog Stats which has just gone live.

Dick and the FB guys are good friends of Performancing and I can’t think of a better place to send the Performancing Metrics users.

Read Nick’s official post here

They say that the reason for the purchase appears to be for PayPerPost to get access to the 28,000 Performancing users, most of whom are bloggers and potential customers of PayPerPost. The popular Performancing Firefox blog editing plugin is not being acquired, and will be spun off into a new brand.

Update: It is offical here is the press release from Business Wire with all the ??????formal?????? details.