Red Hat

Software company providing open-source software products / From Wikipedia, the free encyclopedia

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

Quick facts: Type, Industry, Predecessor, Founded, Founder...
Red Hat inc.
TypeSubsidiary (independent)
IndustryComputer software
PredecessorCygnus Solutions 
Founded1993; 30 years ago (1993)[1]
FounderBob Young
Marc Ewing
Area served
Key people
Matt Hicks (President and CEO)[2]
Paul Cormier (Chairman)[3]
Revenue US$3.4 billion (2018)[5]
US$512 million (2018)[6]
US$434 million (2018)[5]
Total assets US$5.588 billion (2018)[5]
Total equity US$1.613 billion (2018)[5]
Number of employees

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]