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Red Hat

RHT

Jim Whitehurst to Lead Red Hat Inc

October 29, 2018 at 05:17 pm EDT

Red Hat, Inc. announced that IBM has signed an agreement to acquire Red Hat in a transaction valued at approximately $34 billion. Upon closing, Red Hat will remain an independent, standalone unit of IBM. Upon the closing of the transaction, Red Hat will operate as a standalone unit of IBM led by Jim Whitehurst and Red Hat's current management team. Jim will report to IBM chair, president, and CEO Ginni Rometty.

Latest news about Red Hat

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Red Hat, Inc. Reimagines Enterprise Linux for the AI Future with Image Mode for Red Hat Enterprise Linux	May. 07	CI
Red Hat, Inc. Announces Red Hat OpenShift AI Is Available in AI Sweden?s AI Labs	May. 07	CI
Red Hat, Inc. and Run:ai Optimize AI Workloads for the Hybrid Cloud	May. 07	CI
Red Hat, Inc. Announces Automated Policy as Code, A New Capability Coming to Future Versions of Red Hat Ansible Automation Platform	May. 07	CI
Red Hat, Inc. Helps AGESIC Scale AI Innovation Across Uruguay	May. 07	CI
Red Hat, Inc. Announces Podman AI Lab	May. 07	CI
Red Hat, Inc. Announces Collaboration with Stability AI	May. 07	CI
Red Hat, Inc. OpenShift AI Expands Predictive and Generative AI Flexibility Across the Hybrid Cloud	May. 07	CI
Red Hat, Inc. and Elastic Fuel Retrieval Augmented Generation for GenAI Use Cases	May. 07	CI
Red Hat, Inc. Helps Partners Deliver AI-Ready Solutions to Power Business Transformation Across the Hybrid Cloud	May. 07	CI
Red Hat Powers the Future of Supercomputing with Lawrence Livermore National Laboratory	May. 06	CI
Red Hat Collaborates with Lloyds Banking Group to Boost Developer Experience, Software Quality and Speed to Market	May. 06	CI
Red Hat, Inc Announces the General Availability of Red Hat Enterprise Linux 9.4, the Latest Version of the Leading Enterprise Linux Platform	May. 01	CI
Red Hat, Inc. Expands Red Hat Trusted Software Supply Chain for A Developer-First Experience	Apr. 18	CI
Red Hat Collaborates with Stc Group to Deploy New Edge and 5G Services Faster	Feb. 26	CI
KDDI Corporation Selects Red Hat to Lay Open Foundation for 5G Services and More	Feb. 26	CI
Red Hat, Inc. Announces General Availability of Red Hat JBoss Enterprise Application Platform 8	Feb. 06	CI
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Red Hat Transforms Partner Experience to Deliver Enhanced Customer Value	Jan. 17	CI
Red Hat, Inc. Announces the General Availability of Red Hat Developer Hub Internal Developer Platform	Jan. 16	CI
Red Hat, Inc. Launches Next Versions of the World's Leading Enterprise Linux Platform	Nov. 08	CI
Red Hat, Inc. Simplifies and Expands Application Development with New Capabilities in Red Hat Openshift	Nov. 06	CI

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Company Profile

Red Hat specializes in developing and deploying software platforms based on Open Source technology. The group's products are characterized by a source code that can be accessed and modified by users or third-party editors. Net sales break down by activity as follows: - subscription sales (87.7%); - services (12.3%): consulting, engineering, and training services, software optimizing and updating services. Net sales break down geographically as follows: the United States (54.7%), Americas (7.5%), Europe/Middle East/Africa (23.4%) and Asia/Pacific (14.4%).

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