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v Bulletin 3 was under development for nearly two years as it went from a mere improvement on v Bulletin 2 to a complete rewrite.During this time Jeremy Hutchings joined the development team, a.k.a. However, version 3 was finally released in March 2004.against Xen Foro Ltd., and its founders Kier, Mike and Ashley.The lawsuit alleges "widespread infringement and unlawful exploitation" of v Bulletin's source code and "equally damaging misappropriation of trade secrets" developed and owned by v Bulletin with "investments of millions of dollars over the last ten years." The lawsuit further alleges that the developers of Xen Foro Ltd.
In 2009, long-time developers Kier Darby, Mike Sullivan, Scott Mac Vicar and Jeremy Hutchings left the company.De naam Jelsoft is afgeleid van de initialen van James E. Op 4 juli 2007 werd Jelsoft overgenomen door de internetuitgeverij Internet Brands.As their site grew, they noticed that their software, written in Perl using a flat-file database, could not always cope with the number of users they had.Other UBB owners expressed interest in the solution, and they offered to sell it to Infopop, but their proposal was rejected.As there was still a demand for the software, Limm and Percival created Jelsoft and released their work as a paid solution, called v Bulletin 1.
On 15 December 2008, James Limm, Managing Director of Jelsoft, posted the v Bulletin 4 Series Development Update with significant differences from the August announcement.