74 lines
3.6 KiB
Plaintext
74 lines
3.6 KiB
Plaintext
INTEL, NETSCAPE, GREYLOCK AND BENCHMARK PARTNERS TAKE EQUITY POSITIONS
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IN RED HAT SOFTWARE
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Red Hat Establishes Enterprise Computing Division for Its Linux OS
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SAN JOSE, Calif., September 29, 1998 - Today at ISPCON Fall '98, Red Hat
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Software, Inc., a leading distributor of the Linux operating system,
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announced that Intel, Netscape Communications Corporation and venture
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capital firms Greylock and Benchmark Partners have taken minority equity
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positions in the company. Red Hat builds, maintains and provides technical
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support for the Red Hat operating system. Linux runs on Intel, Alpha and
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Sun SPARC platforms. Financial terms of the agreement were not disclosed.
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Additionally, the firm announced it is establishing an Enterprise
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Computing Division, according to Red Hat president, Robert F. Young. The
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new division will offer enterprise-grade products and services to support
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global, mission-critical applications. "As the growing number of users
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demonstrates, the Linux operating system is ready for enterprise-wide
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applications," Young said. "Red Hat intends to further extend its Linux
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leadership into the enterprise."
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"Today's announcement reaffirms Netscape's commitment to Linux as a
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strategic enterprise-ready platform," said John Paul, senior vice
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president and general manager of the Server Products Division at
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Netscape. "Netscape's customers are demanding a manageable, scalable
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and reliable Internet operating system for deploying the applications
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required in the net economy. Customers are finding that Linux provides
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the manageability, scalability and reliability they require."
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"Our investment in Red Hat demonstrates the technological value of the
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open source development model for technologies such as operating systems,"
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stated William S. Kaiser, general partner at Greylock. "They have done a
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great job of supporting the open source development model and delivering
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the benefits of that model to a growing number of Linux users."
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"Since July, the five leading providers of database software - Oracle,
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Informix, Computer Associates, Sybase and IBM - have all announced plans
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to support Red Hat's Linux OS," stated Red Hat's Young. "We believe that
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their OS strategies, combined with today's announced investments, continue
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to fuel the adoption of Linux as a robust and secure operating system."
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Red Hat Software, Inc, based in Triangle Research Park, N.C., is a
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software development company that sells products and provides services
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related to Linux. Red Hat's mission is to provide professional tools
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to computing professionals. The company manufactures shrink-wrapped
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software versions of the Linux operating system, making it accessible
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to the broadest possible range of computer users. The company works
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with development groups around the world via the Internet to review,
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package and develop Linux-based tools, making them useful for computing
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professionals. The company builds tools that are released as freely
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reusable software available for unrestricted use. Red Hat additionally
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publishes books and software applications and provides technical
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support. Visit Red Hat on the web at http://www.redhat.com/
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ABOUT LINUX:
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Linux is a cooperatively developed, POSIX-based multi-user, multi-tasking
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operating system used worldwide in commercial, academic and development
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organizations. Linux is used as a low-cost, fully functional UNIX
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workstation for applications ranging from Internet servers to reliable
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work group computing. The operating system was initially developed by
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Linus Torvalds. Today, the core product and enhancements, including all
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source code, are freely available on the Internet under a GPL license.
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# # #
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