Red Hat Net Worth is22.6 12-Month Sales Growth (%)
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Company Name: Red Hat, Inc.
Company Type: public company (NYSE: [
Foundation: 1993url
Founder: Bob Young (businessman), Marc Ewing
Location City: Raleigh, North Carolina
Location Country: USA
Area Served: Worldwide
Key People: Hugh Shelton (Chairman),
Num Employees: 5,000 (2012)url
Title: Company Profile for Red Hat Inc (RHT) /accessdate
Market Cap: United States dollar2.87 billion (2008) Revenue: url
Title: Red Hat Reports Fourth Quarter and Fiscal Year 2012 Results
Publisher: Red Hat
Date: 2012-03-28
Accessdate: 2012-03-28

Net Income: assets
Industry: Computer software
Products: Red Hat Enterprise Linux, url
Subsid: list of mergers and acquisitions by Red Hat
Red Hat, Inc. (NYSE: RHT) is an American software company that is engaged in providing open-source software products to the enterprise community. Founded in 1993, Red Hat has its corporate headquarters in Raleigh, North Carolina with satellite offices worldwide.
Red Hat has become associated to a large extent with its enterprise operating system Red Hat Enterprise Linux and with the acquisition of open-source enterprise middleware vendor JBoss. Red Hat provides operating system platforms, middleware, applications, management products, and support, training, and consulting services.
Red Hat creates, maintains, and contributes to many free software projects and has also acquired several proprietary software packages and released their source code under mostly GNU GPL while holding copyright under single commercial entity and selling user subscriptions. As of April 2012[update], Red Hat is the largest corporate contributor to the Linux kernel.
In 1993 Bob Young incorporated the ACC Corporation, a catalog business that sold Linux and Unix software accessories. In 1994 Marc Ewing created his own Linux distribution, which he named Red Hat Linux (Ewing had worn a red Cornell University lacrosse hat, given to him by his grandfather, while attending Carnegie Mellon University). Ewing released the software in October, and it became known as the Halloween release. Young bought Ewing's business in 1995, and the two merged to become Red Hat Software, with Young serving as chief executive officer (CEO).
Red Hat went public on August 11, 1999, achieving the eighth-biggest first-day gain in the history of Wall Street.Matthew Szulik succeeded Bob Young as CEO in December of that year.
On November 15, 1999, Red Hat acquired Cygnus Solutions. Cygnus provided commercial support for free software and housed maintainers of GNU software products such as the GNU Debugger and GNU Binutils. One of the founders of Cygnus, Michael Tiemann, became the chief technical officer of R

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