August 12, 2010

Major Acquisitions by Red Hat


Image representing Red Hat as depicted in Crun...
Red Hat is an American computer software company based in Raleigh, North Carolina. The company was founded in 1995, when ACC Corporation—a company founded by Bob Young in 1993—and Red Hat Linux—an operating system created by Marc Ewing—merged to form Red Hat Software, and Young was appointed chief executive officer. Red Hat had its initial public offering on August 11, 1999; it was the eighth-biggest first-day gain in Wall Street history. The company has acquired sixteen companies and made four divestments. Red Hat has not released the financial details for most of these mergers and acquisitions.

Red Hat's first major acquisition was Delix Computer GmbH-Linux Div, the Linux operating system division of Delix Computer, a German computer company, on July 30, 1999. Red Hat acquired Cygnus Solutions, a company that provided commercial support for free software, on January 11, 2000. Michael Tiemann, co-founder of Cygnus, served as the chief technical officer of Red Hat after the acquisition. On June 5, 2006, Red Hat acquired open source middleware provider JBoss for $420 million and integrated it as its own division of Red Hat.



On December 14, 1998, Red Hat made its first divestment, in which parts of the company are sold to another company, when Intel acquired an undisclosed minority stake. The next year, on March 9, 1999, Compaq, IBM, and Novell each acquired undisclosed minority stakes in Red Hat. The company's largest acquisition was Cygnus Solutions in January 2000 for $674 million. Red Hat made the most acquisitions in 2000 with five: Cygnus Solutions, Bluecurve, Wirespeed Communications, Hell's Kitchen Systems, and C2Net.
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