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NY Times: Red Hat Names New Chief Executive, Buys Software Firm

Nov 15, 1999, 19:18 (0 Talkback[s])
(Other stories by Carolyn Koo)

"Red Hat, the open-source software company, announced Monday that it had named a new chief executive and that it was buying another software company...."

"Matthew Szulik, who joined as president in November 1998, was named chief executive. He replaces Bob Young, a Red Hat co-founder who gives up the chief executive title but retains his role as chairman of the company."

"Red Hat also said it has agreed to acquire Cygnus Solutions, a privately held open source software company, in a stock deal valued at $674 million."

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