Open source grows big and strong
Linux supplier Red Hat is to acquire open source company JBoss for £187m, plus an extra £38m if it meets future sales targets over a two-year period. The definitive deal is expected this month.
Marc Fleury, chief executive of JBoss, wants to expand the company’s global reach and accelerate its growth rate of 150%. With press rumours circulating that Oracle was a potential buyer of JBoss, Fleury has said it was Red Hat’s position in the open source business community that was key to the acquisition decision, which he claimed had the support of key staff.
JBoss will continue operating as an autonomous business unit within Red Hat, headed by Fleury. Crucially, JBoss’s existing four offices in the EMEA region are now augmented by Red Hat’s 31-site worldwide office network. Future branding has yet to be decided but the JBoss name is expected to stay.
The subscription-based business models that both companies use, and their open source underpinning, make for an excellent fit.
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