Intel & Netscape invest in Red Hat Software
Fri, 2 Oct 1998 11:30:07 +1000
David Goldstein just alerted me to this good news! Its strange
seeing Linux associated with big money and familiar marketing terms
like "mission-critical", "extending leadership into the enterprise" -
but if thats what is needed to get corporate managers happy about
using it, then fine!
Intel, Netscape, Greylock and Benchmark Partners Take Equity
Positions in Red Hat Software
Red Hat Establishes Enterprise Computing Division for Its Linux OS
SAN JOSE, Calif., September 29, 1998 Today at ISPCON Fall `98, Red
Hat Software, Inc., a leading distributor of the Linux operating
system, announced that Intel, Netscape Communications Corporation and
venture capital firms Greylock and Benchmark Partners have taken
minority equity positions in the company. Red Hat builds, maintains
and provides technical support for the Red Hat Linux operating
system. Linux runs on Intel, Alpha and Sun SPARC platforms. Financial
terms of the agreement were not disclosed.
Additionally, the firm announced it is establishing an Enterprise
Computing Division, according to Red Hat president, Robert F. Young.
The new division will offer enterprise grade products and services to
support global, mission-critical applications. "As the growing number
of users demonstrates, the Linux operating system is ready for
enterprise-wide applications," Young said. "Red Hat intends to
further extend its Linux leadership into the enterprise."
"Today's announcement reaffirms Netscape's commitment to Linux as a
strategic enterprise-ready platform," said John Paul, senior vice
president and general manager of the Server Products Division at
Netscape. "Netscape's customers are demanding a manageable, scalable
and reliable Internet operating system for deploying the applications
required in the net economy. Customers are finding that Linux
provides the manageability, scalability and reliability they
"Our investment in Red Hat demonstrates the technological value of
the open source development model for technologies such as operating
systems," stated William S. Kaiser, general partner at Greylock.
"They have done a great job of supporting the open source development
model and delivering the benefits of that model to a growing number
of Linux users."
"Since July, the five leading providers of database software Oracle,
Informix, Computer Associates, Sybase and IBM have all announced
plans to support Red Hat Linux OS," stated Red Hat's Young. "We
believe that their OS strategies, combined with today's announced
investments, continue to fuel the adoption of Linux as a robust and
secure operating system."
Red Hat Software, Inc, based in Research Triangle Park, N.C., is a
software development company that sells products and provides
services related to Linux. Red Hat's mission is to provide
professional tools to computing professionals. The company
manufactures shrinkwrapped software versions of the Linux operating
system, making it accessible to the broadest possible range of
computer users. The company works with development groups around the
world via the Internet to review, package and develop Linux-based
tools, making them useful for computing professionals. The company
builds tools that are released as freely reusable software available
for unrestricted use. Red Hat additionally publishes books and
software applications and provides technical support. Visit Red Hat
on the web at http://www.redhat.com/
Linux is a cooperatively developed, POSIX-based multi-user, multi-
tasking operating system used worldwide in commercial, academic and
development organizations. Linux is used as a low-cost, fully
functional UNIX workstation for applications ranging from Internet
servers to reliable work group computing. The operating system was
initially developed by Linus Torvalds. Today, the core product and
enhancements, including all source code, are freely available on the
Internet under a GPL license.
Robin Whittle firstname.lastname@example.org http://www.firstpr.com.au
Heidelberg Heights, Melbourne, Australia
First Principles Research and expression: music, Internet
music marketing, telecommunications, human
factors in technology adoption. Consumer
advocacy in telecommunications, especially
privacy. Consulting and technical writing.
Real World Electronics and software for music: eg.
Interfaces the Devil Fish mods for the TB-303.