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Red Hat

Red Hat inc.
TypeSubsidiary (independent)
IndustryComputer software
PredecessorCygnus Solutions Edit this on Wikidata
Founded1993 (1993)[1]
FounderBob Young
Marc Ewing
Headquarters,
U.S.
Area served
Worldwide
Key people
Matt Hicks (President and CEO)[2]
Paul Cormier (Chairman)[3]
Products
RevenueIncrease US$3.4 billion (2018)[5]
Increase US$512 million (2018)[6]
Increase US$434 million (2018)[5]
Total assetsIncrease US$5.588 billion (2018)[5]
Total equityIncrease US$1.613 billion (2018)[5]
Number of employees
19,000[7]
ParentIBM
Subsidiaries
Websiteredhat.com

Red Hat, Inc. is an American software company that provides open source software products to enterprises. Founded in 1993, Red Hat has its corporate headquarters in Raleigh, North Carolina, with other offices worldwide.

Red Hat has become associated to a large extent with its enterprise operating system Red Hat Enterprise Linux. With the acquisition of open-source enterprise middleware vendor JBoss, Red Hat also offers Red Hat Virtualization (RHV), an enterprise virtualization product. Red Hat provides storage, operating system platforms, middleware, applications, management products, and support, training, and consulting services.

Red Hat creates, maintains, and contributes to many free software projects. It has acquired several proprietary software product codebases through corporate mergers and acquisitions and has released such software under open source licenses. As of March 2016, Red Hat is the second largest corporate contributor to the Linux kernel version 4.14 after Intel.[8]

On October 28, 2018, IBM announced its intent to acquire Red Hat for $34 billion.[9][10][11] The acquisition closed on July 9, 2019.[12] It now operates as an independent subsidiary.[13][14]

  1. ^ "Finance.yahoo.com". finance.yahoo.com. Retrieved October 14, 2017.
  2. ^ "Red Hat Names Matt Hicks President and Chief Executive Officer".
  3. ^ "Paul Cormier - Red Hat". Retrieved April 6, 2020.
  4. ^ "Red Hat Insights". www.redhat.com.
  5. ^ a b c d "SEC filing FY 2019 | Financial Information". www.sec.gov. Retrieved March 25, 2019.
  6. ^ "Investor Relations | Financial Information". redhat.com. Archived from the original on July 28, 2020. Retrieved August 29, 2018.
  7. ^ "RedHat: Company details". redhat.com. Retrieved August 10, 2022.
  8. ^ Corbet, Jonathan (October 20, 2017). "A look at the 4.14 development cycle". LWN.net. Retrieved December 20, 2017.
  9. ^ Wattles, Jackie (October 28, 2018). "IBM to acquire cloud computing firm Red Hat for $34 billion". CNN.
  10. ^ "IBM to acquire software company Red Hat for $34 billion". Reuters. October 28, 2018.
  11. ^ "IBM to Acquire Linux Distributor Red Hat for $33.4 Billion". www.bloomberg.com. Retrieved October 28, 2018.
  12. ^ "IBM Closes Landmark Acquisition of Red Hat for $34 Billion; Defines Open, Hybrid Cloud Future". www.redhat.com. Retrieved July 9, 2019.
  13. ^ Carpenter, Jacob (May 10, 2022). "Why tech investors can't escape this brutal bear market". Fortune. Archived from the original on August 10, 2022. Retrieved August 10, 2022.{{cite web}}: CS1 maint: bot: original URL status unknown (link)
  14. ^ "IBM Closes Landmark Acquisition of Red Hat for $34 Billion; Defines Open, Hybrid Cloud Future". www.redhat.com.

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