Trade MRG

Red Hat, Inc. is an American multinational software company that provides open source software products to companies. Red Hat was founded in 1993, and the company is headquartered in Raleigh, North Carolina, with other offices worldwide. On July 9, 2019, ibm's subsidiary Became heavily associated with the Red Hat Enterprise Linux enterprise operating system. With the acquisition of open source intermediary vendor JBoss, Red Hat also offers Virtualization Red Hat (RHV), a virtual enterprise product. Red Hat provides storage, os and intermediate platforms, applications, management products, support services, training and consulting. Red Hat creates and maintains, and contributes to many free software projects. It has acquired many proprietary software product code rules through mergers and acquisitions and issued the software under open source licenses. As of March 2016, Red Hat is the second largest contributor to linux core version 4.14 after Intel.On October 28, 2018, IBM announced its intention to acquire Red Hat for $34 billion. The acquisition closed on July 9, 2019.