We are successfully using http://www.ioncube.com/ on a couple of projects.
Just encrypted all files within our domain logic folders. At this stage haven't been able to encrypt view files.
I find it ironic that you are looking for an open source solution to making your own code closed source.
Cant you create your own?
Else, I would wish you good luck finding a decent one. Not sure if there will be any "Good" once out there which are open source
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