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answers:

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I'm trying to find information about open source projects that have been turned into commercial products - is there a term for it when a company does this?

+1  A: 

Take a look at the term "Commercial Open Source Software" (Dirk Riehle). You might also find the chapter "Open Source as a Business Strategy" of Open Sources the book useful.

Overall you should look into "commercializing open source". I'm not sure if there's any more specific term out there.

bebraw
A: 

Monetize

You have a product, you just need to figure a way to monetize it.

Tadeusz A. Kadłubowski