Business Wire: SAP Venture Fund Makes Equity Investment in Red Hat SoftwareMar 30, 1999, 09:33 (0 Talkback[s])
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"Investment Accelerates Linux Success and the Open Source Movement"
"SAP AG (NYSE ADR:SAP), the world's leading provider of enterprise business software solutions, today announced an equity investment by the SAP Venture Fund in Red Hat Software, Inc., the leading commercial-grade supplier of the Linux operating system."
"Linux is a stable, reliable and viable operating system developed according to the Open Source model that has matured to the point where it is ready to run mission-critical business applications."
""Increasingly enterprise customers are looking for a Linux platform on which to run their enterprise resource planning applications," said Robert F. Young, co-founder and CEO of Red Hat Software. "We are pleased that SAP has selected Red Hat to support SAP and its customers." More than 10 million users currently run the Linux operating system. Linux currently runs on Intel X86, Compaq Alpha and Sun SPARC processors and will soon run on PowerPC and HP PA-RISC systems."
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