What the hell is a repository solution? A CMS?
Fedora is a robust, modular, open source repository system for the management and dissemination of digital content. It is especially suited for digital libraries and archives, both for access and preservation. It is also used to provide specialized access to very large and complex digital collections of historic and cultural materials as well as scientific data. Fedora has a worldwide installed user base that includes academic and cultural heritage organizations, universities, research institutions, university libraries, national libraries, and government agencies.
As an aside, FOSS projects: Please think before overloading common names, like a popular Linux distro.
As a double aside: Think about your target audience. Most developers hear "repository" and think VCSes.
By repository they mean digital asset management repository instead of a version control system repository.
It'd be like if a bunch of Frenchmen suddenly invaded England and forced them to speak French, even though English was perfectly sufficient for communication already.
Oh wait...
A place to store images, video, or other kinds of digital stuff.
Hyrax comes with an interface for uploading/searching/viewing the files that are stored in the repository.
In a certain sense it is like VCS in that it does versioning.