“Red Hat, Inc. (NASDAQ:RHAT), the leader in open source Internet
infrastructure solutions, announced today that it has signed a
definitive agreement to purchase privately-held Bluecurve, Inc.
Under the terms of the agreement, Red Hat will issue up to
1,257,862 shares of Red Hat common stock in exchange for all of the
outstanding securities of Oakland, Calif.-based Bluecurve. The
transaction will be valued based on an average closing price of Red
Hat’s common shares for a five-day period ended April 24. The
acquisition will be accounted for as a purchase and is expected to
be completed by July 2000, subject to approval by Bluecurve
shareholders and customary closing conditions.”
“Bluecurve’s performance management solutions allow
customers to simulate and measure the transactions and user
activity that place demands on Internet infrastructure and
applications. The resulting performance data provides
customers with the information they need to plan and scale their
infrastructure proactively to assure the highest levels of customer
service. Red Hat will leverage the software to create a powerful,
open source, performance management service to help companies build
and manage scalable Internet infrastructures. The new Web-based
service will be offered as a subscription to customers through
redhat.com. In the meantime, Red Hat will support existing
customers and offer Bluecurve’s solutions in their current form,
ensuring that the acquisition does not disrupt customer access to
this functionality.”
“”Global 2000 and Internet Service Providers (ISPs) around the
globe leverage Red Hat’s open source solutions as the backbone of
their Internet and e-commerce infrastructure. With the addition of
Bluecurve’s expertise and software, Red Hat will be able to deliver
a very powerful performance management solution to help today’s
e-businesses automatically and proactively monitor their Internet
infrastructure,” said Matthew Szulik, president and CEO of Red Hat.
“The addition of Bluecurve continues Red Hat’s initiative to
provide a complete range of services to manage Linux servers.””