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Red Hat
AddedFeb 13, 2024
UpdatedJun 28, 2026
Red Hat

Red Hat

Acquired

American multinational, Red Hat, Inc., develops and provides open-source software, including Linux OS.

HQ
Raleigh, NC, US
Founded
1993
Overview
M & A
Compare
Fundraising
Employees

Founded in 1993 by Bob Young and Marc Ewing, Red Hat, Inc. is an American multinational software company headquartered in Raleigh, North Carolina. The company specializes in developing and providing open-source software solutions, including the widely-used Red Hat Linux operating system. Red Hat's core mission is to leverage open-source technology to drive innovation and provide robust, scalable solutions for enterprises worldwide. Their product portfolio includes cloud computing, middleware, storage, and virtualization technologies, catering to a global market.

Notable figures affiliated with Red Hat include Matt Hicks, President and CEO, and Paul Cormier, Chairman. The company has achieved significant milestones, including generating $3.4 billion in revenue in 2018 and becoming a subsidiary of IBM. Red Hat's impact on the tech industry is profound, as it has been instrumental in promoting the adoption of open-source software across various sectors, fostering a collaborative development environment, and enabling businesses to innovate more efficiently.

Red Hat - M & A Snapshot

Open M & A

  • IBM

    Acquired Red Hat • $34B • Jul 9, 2019

Red Hat - Products & Services

  • Red Hat OpenShift logo

    Red Hat OpenShift

    Red Hat OpenShift is a unified application platform for developing, modernizing, and deploying applications at scale on Kubernetes.

    Competing Products

    Broadcom logo

Red Hat - Similar Companies

Broadcom logo

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broadcom.com

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DigitalOcean logo

DigitalOcean

digitalocean.com

Mirantis logo

Mirantis

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RStudio logo

RStudio

rstudio.com

Splunk logo

Splunk

splunk.com

Redis Labs logo

Redis Labs

redislabs.com

IBM logo

IBM

ibm.com

Docker logo

Docker

docker.com

Insight Enterprises logo

Insight Enterprises

insight.com

GitLab logo

GitLab

gitlab.com

Open Source Syndicate logo

Open Source Syndicate

Snyk logo

Snyk

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Neutron Creative logo

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Rackspace logo

Rackspace

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Red Hat - Quick Facts

Who are Red Hat's competitors?

Companies similar to Red Hat include Broadcom, Cisco Systems, DigitalOcean and Mirantis.

When was Red Hat founded?

Red Hat was founded in 1993.

Where is Red Hat's headquarters located?

Red Hat's headquarters is located in Raleigh, NC, US.

When was Red Hat's last funding round?

Red Hat's most recent funding round was for $34B (USD) in October 2018.

How much has Red Hat raised to-date?

As of Oct 28, 2018, Red Hat has raised a total of $34B (USD).

Red Hat - Classification

Ownership
  • Public
Technology
  • Opensource
Geographic Exposure
  • Global
Revenue
  • Recurring
  • Software
Customer
  • Enterprise
Tags
  • Cloud
  • SaaS
NAICS
  • 540000Professional, Scientific, and Technical Services
  • 541500Computer Systems Design and Related Services
  • 541000Professional, Scientific, and Technical Services
  • 541510Computer Systems Design and Related Services
  • 541511Custom Computer Programming Services
SIC
  • 7300Business Services
  • 7370Computer Programming, Data Processing, And Other Computer Related
  • 7371Computer Programming Services
ISIC
  • 1820Reproduction of recorded media
Show 18 more industry codes
NAICS
  • 334100Computer and Peripheral Equipment Manufacturing
  • 334600Manufacturing and Reproducing Magnetic and Optical Media
  • 513200Software Publishers
  • 518000Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services
  • 518200Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services
  • 330000Manufacturing
  • 510000Information
  • 334000Computer and Electronic Product Manufacturing
  • 513000Publishing Industries
  • 334110Computer and Peripheral Equipment Manufacturing
  • 334610Manufacturing and Reproducing Magnetic and Optical Media
  • 513210Software Publishers
  • 518210Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services
SIC
  • 5700Home Furniture, Furnishings, And Equipment Stores
  • 5730Radio, Television, Consumer Electronics, And Music Stores
  • 5734Computer And Computer Software Stores
  • 7372Prepackaged Software
  • 7379Computer Related Services, Not Elsewhere Classified