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IT-Director: Red Hat Linux money boosts open source

Aug 31, 1999, 11:45 (0 Talkback[s])
(Other stories by Unicorn)

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"One of the leading Silicon Valley venture capital outfits, Benchmark Capital , saw a big pay back from its Red Hat investment following the successful IPO. It has announced another investment in the area, in, the initiator of SourceXchange. This is meant to let companies access the skills of open-source programmers across the Internet. Whether this is the direction the open source movement wants to go remains to be seen."

"Benchmark took a 5% stake in Red Hat, one of the leading vendors of Linux distributions. Following the initial public offering, those shares are valued at over $400 million. Perhaps not surprisingly, a partner in Benchmark is quoted as being a huge believer in open source software."

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