Tech services and hardware vendor IBM has acquired open source company Red Hat for a sum of about US$34 billion, the two companies announced on Sunday, US time.
Red Hat is a successful, public open source software company. It’s the first open source company to crack US$1 billion in revenue and is closing in on US$3 billion. Here is some advice from the chief executive for your own business.
Open source company Red Hat crossed the US$2 billion mark in annual revenue some time ago and indications are that the 24-year-old firm will soon cross the next revenue milestone – US$3 billion. There is, thus, no reason for the company to continue to do deals with the NSA, given that the philosophy it advocates in public stands in marked contrast to what the NSA does.
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Thanks David, and thanks iTWire for continuing to cover this.
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