Red Hat information

Red Hat, Inc.
	Red Hat Tower, the headquarters of Red Hat
Company type	Subsidiary (independent)
Industry	Computer software
Predecessor	Container Linux; Cygnus Solutions
Founded	1993; 31 years ago
Founder	Bob Young; Marc Ewing;
Headquarters	Raleigh, North Carolina, U.S.
Area served	Worldwide
Key people	Matt Hicks (President and CEO); Paul Cormier (Chairman);
Products	List Red Hat Enterprise Linux ; Red Hat Directory Server ; Fedora Linux ; Satellite ; Red Hat Enterprise Virtualization ; Red Hat Storage Server ; JBoss EAP ; Red Hat Single Sign On ; Ansible ; CloudForms ; OpenShift ; Red Hat Hyperconverged Infrastructure for Virtualization ; Red Hat Certificate System ; Red Hat AMQ ; Red Hat Insights ;
Revenue	US$3.4 billion (2018)
Operating income	US$512 million (2018)
Net income	US$434 million (2018)
Total assets	US$5.588 billion (2018)
Total equity	US$1.613 billion (2018)
Number of employees	19,000
Parent	IBM
Subsidiaries	§ Red Hat Czech; § Red Hat India;
Website	redhat.com

Red Hat, Inc. (formerly Red Hat Software, Inc.) is an American software company that provides open source software products to enterprises^{[clarification needed]} and is a subsidiary of IBM. Founded in 1993, Red Hat has its corporate headquarters in Raleigh-Durham North Carolina, with other offices worldwide.

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, support, training, and consulting services.

Red Hat creates, maintains, and contributes to many free software projects. It has acquired several proprietary software products codebases through corporate mergers and acquisitions and has released such software under open source licenses. As of March 2016^[update], Red Hat is the second largest corporate contributor to the Linux kernel version 4.14 after Intel.^[7]

On October 28, 2018, IBM announced its intent to acquire Red Hat for $34 billion.^[8]^[9]^[10] The acquisition closed on July 9, 2019.^[11] It now operates as an independent subsidiary.^[12]^[11]

^ "Red Hat Names Matt Hicks President and Chief Executive Officer". July 12, 2022.
^ "Paul Cormier". Red Hat. Archived from the original on April 6, 2020. Retrieved April 6, 2020.
^ "Red Hat Insights". www.redhat.com.
^ ^a ^b ^c ^d "SEC filing FY 2019 | Financial Information". Securities and Exchange Commission. Retrieved March 25, 2019.
^ "Investor Relations | Financial Information". Red Hat. Archived from the original on July 28, 2020. Retrieved August 29, 2018.
^ "Red Hat: Company details". Red Hat. Retrieved August 10, 2022.
^ Corbet, Jonathan (October 20, 2017). "A look at the 4.14 development cycle". LWN.net. Retrieved December 20, 2017.
^ Wattles, Jackie (October 28, 2018). "IBM to acquire cloud computing firm Red Hat for $34 billion". CNN.
^ "IBM to acquire software company Red Hat for $34 billion". Reuters. October 28, 2018.
^ "IBM to Acquire Linux Distributor Red Hat for $33.4 Billion". Bloomberg. Retrieved October 28, 2018.
^ ^a ^b "IBM Closes Landmark Acquisition of Red Hat for $34 Billion; Defines Open, Hybrid Cloud Future". Red Hat. July 9, 2019. Retrieved July 9, 2019.
^ Carpenter, Jacob (May 10, 2022). "Why tech investors can't escape this brutal bear market". Fortune. Archived from the original on August 10, 2022. Retrieved August 10, 2022.{{cite web}}: CS1 maint: bot: original URL status unknown (link)

[1] "Red Hat Names Matt Hicks President and Chief Executive Officer". July 12, 2022.

[2] "Paul Cormier". Red Hat. Archived from the original on April 6, 2020. Retrieved April 6, 2020.

[3] "Red Hat Insights". www.redhat.com.

[sec19-4] "SEC filing FY 2019 | Financial Information". Securities and Exchange Commission. Retrieved March 25, 2019.

[xbrlus_1-5] "Investor Relations | Financial Information". Red Hat. Archived from the original on July 28, 2020. Retrieved August 29, 2018.

[6] "Red Hat: Company details". Red Hat. Retrieved August 10, 2022.

[7] Corbet, Jonathan (October 20, 2017). "A look at the 4.14 development cycle". LWN.net. Retrieved December 20, 2017.

[8] Wattles, Jackie (October 28, 2018). "IBM to acquire cloud computing firm Red Hat for $34 billion". CNN.

[9] "IBM to acquire software company Red Hat for $34 billion". Reuters. October 28, 2018.

[10] "IBM to Acquire Linux Distributor Red Hat for $33.4 Billion". Bloomberg. Retrieved October 28, 2018.

[RH_acquisition_release-11] "IBM Closes Landmark Acquisition of Red Hat for $34 Billion; Defines Open, Hybrid Cloud Future". Red Hat. July 9, 2019. Retrieved July 9, 2019.

[12] Carpenter, Jacob (May 10, 2022). "Why tech investors can't escape this brutal bear market". Fortune. Archived from the original on August 10, 2022. Retrieved August 10, 2022.{{cite web}}: CS1 maint: bot: original URL status unknown (link)

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