Red Hat

Intro and history: Red Hat, Inc. is an American multinational software company that provides open source software products to enterprises. Founded in 1993 by Bob Young and Marc Ewing, the company has its headquarters in Raleigh, North Carolina. Red Hat has become associated with its enterprise operating system Red Hat Enterprise Linux and with the acquisition of open-source enterprise middleware vendor JBoss. Red Hat also offers Red Hat Virtualization (RHV), an enterprise virtualization product. Industry: Software Industry Product, Services and Operations: Red Hat provides open source software solutions, using a community-powered approach to provide reliable and high-performing cloud, Linux, middleware, storage, and virtualization technologies. Red Hat also offers award-winning support, training, and consulting services. Funding Details: Red Hat was initially funded by its founders. It went public in 1999 and was acquired by IBM in 2019 for approximately $34 billion. Acquisitions: Notable acquisitions include Cygnus Solutions in 1999, Hell's Kitchen Systems in 2000, JBoss in 2006, and CoreOS in 2018. The most significant acquisition was by IBM in 2019. Awards and Achievements: Red Hat has been recognized with numerous awards, including Fortune's Most Admired Companies (2019), Forbes' World's Most Innovative Companies (2018), and Interbrand's Best Global Brands (2019).