In 2009, long-time developers Kier Darby, Mike Sullivan, Scott Mac Vicar and Jeremy Hutchings left the company.
Kevin Sours, Don Kuramura, and Ray Morgan took Darby's place as lead developer, product manager, and general manager, respectively.
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.
After subsequent minor releases of their Software, the two decided to start working on a new version that would be more than a rewrite of UBB: they wanted to turn their software into a competitive solution for forums.
The release of v Bulletin 2 proved to be very successful and is what made v Bulletin popular.
In December 2002, v Bulletin 3 was beginning development.
In 2005, v Bulletin 3.5 was released that addressed some of the shortcomings of 3.0 (discussed later on).
Architecturally, v Bulletin 4 follows MVC (model-view-controller) object oriented principles, allowing far greater capabilities in code re-use and extendability." At the time, the requirements of v Bulletin 4 were "PHP 5.2.3 and My SQL 5.0.22 or newer".
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.
In order to achieve this goal, the largest v Bulletin development team ever assembled is now working within an Agile development process, allowing us to deliver new features into your hands faster.
Each incremental release in the v Bulletin 4 series will include improvements in features, usability and architecture.