Red Hat – Open Source Pioneer Acquired by IBM

As tremendous confirmation of Keith Bentley’s vision, IBM just announced they intend acquire open source leader, Red Hat for $34 billion. I remember the early days of Red Hat when Bill Gates and many others thought they were the devil. Now Microsoft is more than 50% open source in-house.

> Most significant tech acquisition of 2018 will unlock true value of cloud for business
> IBM and Red Hat to provide open approach to cloud, featuring unprecedented security and portability across multiple clouds
> Deal accelerates IBM’s high-value business model, making IBM the #1 hybrid cloud provider in an emerging $1 trillion growth market
> Acquisition will be free cash flow and gross margin accretive within 12 months, accelerate revenue growth and support a solid and growing dividend
> IBM to maintain Red Hat’s open source innovation legacy, scaling its vast technology portfolio and empowering its widespread developer community
> Red Hat to operate as a distinct unit within IBM’s Hybrid Cloud team 

 

graphic IBM Acquires Red Hat for $34 Billion

IBM Acquires Red Hat for $34 Billion – thehackernews.com

“Joining forces with IBM will provide us with a greater level of scale, resources and capabilities to accelerate the impact of open source as the basis for digital transformation and bring Red Hat to an even wider audience – all while preserving our unique culture and unwavering commitment to open source innovation.”

Jim Whitehurst, President and CEO, Red Hat

 

Assuming they can pull off the cultural integration of the two companies this is going to add nuclear-level, critical mass to the increasingly important open source cloud movement. The major software vendors around the world have been put on notice that the game is changing and Red Hat deserves a lot of credit for this.

Kudos to all that made this happen and good luck going forward.

 

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