Business Wire: SAP Venture Fund Makes Equity Investment in Red Hat Software | Linux Today

Business Wire: SAP Venture Fund Makes Equity Investment in Red Hat Software

Written By
Web Webster
Web Webster
Mar 30, 1999

“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.”

Complete
Story

Web Webster

Web Webster

Web Webster has more than 20 years of writing and editorial experience in the tech sector. He’s written and edited news, demand generation, user-focused, and thought leadership content for business software solutions, consumer tech, and Linux Today, he edits and writes for a portfolio of tech industry news and analysis websites including webopedia.com, and DatabaseJournal.com.

Linux Today Logo

LinuxToday is a trusted, contributor-driven news resource supporting all types of Linux users. Our thriving international community engages with us through social media and frequent content contributions aimed at solving problems ranging from personal computing to enterprise-level IT operations. LinuxToday serves as a home for a community that struggles to find comparable information elsewhere on the web.

Property of TechnologyAdvice. © 2026 TechnologyAdvice. All Rights Reserved

Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.