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Wednesday, 10 July 2019 05:01
IBM closes acquisition of Red Hat for US$34b
IBM and Red Hat have announced they have closed the deal under which the former acquired the open source firm for approximately US$34 billion in an acquisition announced last October.
Published in
Deals
Friday, 21 June 2019 10:42
Red Hat records another good quarter, could reach US$4b for year
Open source company Red Hat has recorded an increase of 15% in its revenue year-on-year for the first quarter of the 2020 fiscal year which ended on 31 May.
Published in
Open Source
Thursday, 28 March 2019 09:25
Red Hat crosses US$3b annual revenue for first time
Open source firm Red Hat, now owned by IBM, has crossed the US$3 billion annual revenue line for the first time, raking in US$3.4 billion, an increase of 15% year-on-year, for the financial year that ended on 28 February.
Published in
Open Source
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