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Development Java Open Source Business Red Hat Signs Definitive Agreement to Acquire JBoss
Development Java Open Source Business Red Hat Signs Definitive Agreement to Acquire JBossRed Hat Signs Definitive Agreement to Acquire JBoss
- Details
- Category: Business
- Published on Monday, 10 April 2006 18:32
- Written by Administrator
- Hits: 6521
RALEIGH, N.C.--(BUSINESS WIRE)--April 10, 2006--Red Hat, Inc. (NASDAQ: RHAT - News), the world's leading provider of open source solutions to the enterprise, today announced that it has entered into a definitive agreement to acquire JBoss, the global leader in open source middleware. By acquiring JBoss, Red Hat expects to accelerate the shift to service-oriented architectures (SOA), by enabling the next generation of web-enabled applications running on a low-cost, open source platform.
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Red Hat will acquire JBoss for approximately $350 million in initial consideration, plus approximately $70 million subject to the achievement of certain future performance metrics. The transaction consideration is composed of approximately 40% in cash and 60% in Red Hat common stock.
Read more at Yahoo Finance
JBoss now can provide a very rich set of applications, including their J2EE server and portal, development IDE, transaction management.... This will gives Red Hat a middleware stack that rivals, and maybe will beats, what IBM offers (with Websphere), but for tens (or hundreds) of thousands of dollars less.
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