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VNU Net: Red Hat Software finds more influential backers

Mar 10, 1999, 07:52 (1 Talkback[s])
(Other stories by Dominique Deckmyn)

"Red Hat Software, the largest commercial vendor of the Linux operating system, has attracted further investment from industry heavyweights, this time Compaq, IBM, Novell and Oracle."

"The financial terms of the deal were not disclosed, however, and although privately held Red Hat, which was founded in 1994, does not generally provide financial information, most analysts believe it is not yet in profit."

"But according to a Red Hat spokesperson, attracting fresh capital was not the main reason for seeking the new investments. It was, rather, looking for strategic relationships with vendors in the areas of directory services, databases and Intel based systems."

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