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SJ Mercury: Red Hat is acquiring Cygnus

Nov 16, 1999, 16:31 (0 Talkback[s])

"Red Hat Inc., a distributor of Linux computer operating systems that compete with Windows, is acquiring Cygnus Solutions for $674 million in stock."

"Cygnus, based in Sunnyvale, Calif., makes development tools that enable software to mesh with Linux, an increasingly popular platform for running the powerful computer servers that companies use for e-commerce, Web sites, internal networks and databases."

"The deal announced Monday is the first major acquisition by Red Hat since its hugely successful initial public offering of stock about three months ago."

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