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Red Hat
was originally founded in
1993 by Bob Young
as ACC Corporation, a business which sold Linux and UNIX accessories from catalogs. In
1995, ACC Corporation
merged with a Linux distribution formed by Marc EWing in the previous year, and the company's name
was changed to Red Hat Software.
The company went public in
1999,
recording very large opening day gains, and acquired Cygnus Solutions (another free software
provider) later that same year.
Today, Red Hat is based in
Raleigh,
North Carolina,
with other offices around the world.
The company is listed on the New York Stock Exchange under the ticker
symbol RHT (it was previously listed on NASDAQ under the ticker RHAT but transferred on
December 12th2006), has approximately 2,200 employees
(as of April 2007),
and achieved a revenue of US $278.3 million in
2006.
Red Hat's prinicipal business is based around
distributing Linux and providing
associated professional services. The company is also involved in the middleware market as a result of
its 2006
acquisition of JBoss.
Other activities that Red Hat is involved in include:
108 - An open content portal aimed at developers.
Dogtail - Open source
software for testing GUI applications.
Mugshot - A social networking site based around entertainment.
The One Laptop Per Child (OLPC) initiative - An attempt
to create an inexpensive laptop to be distributed to children
around the world.
Red Hat Exchange - A distribution portal for FOSS
software.
Red Hat Magazine - An online news publication about Red Hat, Fedora and
open source generally.
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