Red Hat Overview
- Founded: 1993
- IPO: 1999
- Locations: more than 85 locations in more than 35 countries
- Employees (5/31/16): ~9,300
- Headquarters: Raleigh, NC
- President and CEO: Jim Whitehurst
- Chairman of the board: General H. Hugh Shelton (US Army Retired)
- Executive VP and CFO: Frank Calderoni
- Market: NYSE
- Ticker symbol: RHT
- Debt rating: 'BBB'
- Market Cap (5/31/16): ~$14B
Red Hat is the world's leading provider of open source software solutions, using a community-powered approach to reliable and high-performing cloud, Linux, middleware, storage and virtualization technologies. Red Hat also offers award-winning support, training, and consulting services. As a connective hub in a global network of enterprises, partners, and open source communities, Red Hat helps create relevant, innovative technologies that liberate resources for growth and prepare customers for the future of IT.
Our offerings include:
Red Hat's software offerings are designed to provide customers with high-performing, scalable, and more secure technologies that meet customers' IT needs, both on-premise and in a public cloud. Infrastructure-related offerings include Red Hat Enterprise Linux (RHEL), Red Hat Enterprise Virtualization (RHEV) and management platform Red Hat Satellite. Application development-related and other emerging offerings include Red Hat JBoss Middleware family of technologies, Red Hat Storage technologies and cloud offerings. Red Hat cloud offerings include Red Hat CloudForms, RHEL OpenStack Platform, Red Hat Cloud Infrastructure and OpenShift.
Open Source and Subscription Models
Red Hat employs an open source development model, working with a global community of contributors that help us to offer more secure, stable, and robust open source solutions. We believe this model offers advantages to Red Hat because we are able to develop our offerings by integrating information and knowledge from this global community.
Red Hat’s core business uses a subscription model. We offer primarily annual or multi-year subscriptions as well as on-demand through certified cloud and service providers. A subscription generally entitles a customer to, among other things, a specified level of support, as well as security updates, fixes, functionality enhancements, upgrades to the technologies and compatibility with an ecosystem of certified hardware and software.
Red Hat customers are encouraged to provide feedback. With this model, the focus moves from the pains of software to "What can I do better with open source in my organization?"