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LinuxPR: Red Hat To Acquire E-Commerce Software Provider Hell’s Kitchen Systems, Inc.

Delivers Critical E-commerce Software and Strong ISP
Customer Base to the Red Hat Portfolio of Solutions for Internet
Business and 21st Century Computing.

“Red Hat…the market leader in open source solutions, announced
today that it has signed a definitive agreement to purchase
privately-held Hell’s Kitchen Systems, Inc. (HKS). Under the terms
of the agreement, Red Hat will acquire HKS by issuing up to 398,335
shares of Red Hat common stock to acquire all the outstanding
shares of HKS.”

“The acquisition will bring HKS’s e-commerce payment processing
software—a critical piece of infrastructure for any company
trying to conduct business on the Web—into the Red Hat solutions
family. Enterprises worldwide and HKS’ more than 150 Internet
Service Provider (ISP), online merchants and financial institution
customers will benefit from Red Hat’s complete open source software
and services portfolio, providing all the software, information and
services needed for Internet and enteprise e-business
initiatives.”

Press
Release