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Red Hat, Inc. ( NASDAQ: [http://quotes.nasdaq.com/asp/SummaryQuote.asp?symbol= }&selected= } }]) is one of the largest and most recognized companies dedicated to open source software. Founded in 1993, the company now has more than 700 employees and 22 locations worldwide, including its corporate headquarters in Raleigh, North Carolina in the United States.
Red Hat is a market leader in the development, deployment, and management of Linux and open source solutions for Internet infrastructure, ranging from embedded devices to secure web servers.
Red Hat was founded by entrepreneur Marc Ewing , and in 1995 merged with ACC Corporation , run by Canadian Bob Young. Young then took the role as CEO of the company, until succeeded by Matthew SzulikMatthew Szulik is the CEO of Red Hat where he succeeded Bob Young in 1999. Szulik is the chairman for the State of North Carolina Economic Development Board and a Director at Tibco Software. He was a winner of CIO Magazine's 20/20 Vision Award. in 1999.
Open source software lies at the foundation of their business modelA business model (also called a business design) is the mechanism by which a business intends to generate revenue and profits. It is a summary of how a company plans to serve its customers. It involves both strategy and implementation. It is the totality. It represents a fundamental shift in how software is created. The code that makes up the software is available to anyone, and developers who use it may freely make improvements. Even competitors like MicrosoftMicrosoft Corporation , headquartered in Redmond, Washington, USA, is the world's largest software company (with over 50,000 employees in various countries, as of May 2004). Microsoft develops, manufactures, licenses and supports a wide range of software admit that the result is rapid innovation (compare the Halloween documentsThe Halloween documents is the name used outside Microsoft for a series of confidential memoranda on potential strategies related to Open source software and to Linux in particular. The first Halloween document, written by Microsoft engineer Vinod Vallopp).
Red Hat solutions combine Linux, developer and embedded technologies, training, management services and technical support. Red Hat optionally delivers this open source innovation to their customers via an Internet platform called Red Hat NetworkRed Hat Network (or Red Hat Enterprise Network abbreviated to RHN or RHEN is a system operated by Red Hat that makes updates, patches, and bug fixes of packages included within Red Hat Linux and Red Hat Enterprise Linux available to the public. Users of t.
On August 11, 1999, the company completed its initial public offering of six million shares of common stock at a price of $14 per share on the NASDAQ. On November 15, 1999, Red Hat announced its merger with Cygnus Solutions, a leading open source vendor. Consequently, Red Hat now develops Cygwin. Other acquisitions have followed, notably those of ArsDigita and Sistina.
The bulk of Red Hat's revenue comes from corporations paying yearly support subscriptions for a stable version called Red Hat Enterprise Linux.
Red Hat Linux used to be the company's flagship product for both home and corporate use. After the spinoff of RHEL, Red Hat began to focus more on the corporate market, and stopped production of Red Hat Linux after version 9. The current consumer distribution of Red Hat Linux has been replaced by Fedora Core, a more rapidly updated community supported Linux distribution, sponsored by Red Hat, run by the Fedora Project, and in part derived from the original Red Hat Linux distribution.Red Hat's name came from the manual of the beta version, which contained a request for the return of
Marc Ewing 's characteristic red and white-striped hat, should anyone find it.| Politics | Business | Finance |
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