Industry leaders invest in Red Hat
- — 10 March, 1999 21:49
Computing heavyweights Compaq, IBM, Novell and Oracle are investing in Linux vendor Red Hat Software, company officials have announced.
Taking minority equity positions in Red Hat Software will enable Compaq, IBM, Novell and Oracle to offer an open-source operating system to their users and will help drive the adoption and success of Linux, Red Hat Software said in a statement.
The financial details of the investments were not disclosed.
Red Hat Software selected Compaq, IBM, Novell and Oracle for their leading positions within the computing industry, company co-founder and CEO Robert Young said in a statement.
Intel, Netscape Communications and venture capital firms Greylock and Benchmark Partners made equity investments Red Hat Software in September 1998.
Red Hat Software builds, maintains and provides technical support for the Red Hat Linux operating system, which currently runs on Intel, Alpha and Sun SPARC platforms.
There are more than 10 million users running the Linux operating system today, according to the company. Linux was the fastest-growing server operating environment in 1998, totalling more than 17 per cent of all server operating system shipments, according to IDC research.