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Red Hat Signs Definitive Agreement to Acquire JBoss


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.

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.

About The Author

Cédric Walter

I worked with various Insurances companies across Switzerland on online applications handling billion premium volumes. I love to continuously spark my creativity in many different and challenging open-source projects fueled by my great passion for innovation and blockchain technology.In my technical role as a senior software engineer and Blockchain consultant, I help to define and implement innovative solutions in the scope of both blockchain and traditional products, solutions, and services. I can support the full spectrum of software development activities, starting from analyzing ideas and business cases and up to the production deployment of the solutions.I'm the Founder and CEO of Disruptr GmbH.

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