Red Hat Inc. Posts

Red Hat Inc (RHT) to acquire ENovance for $95 million

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Red Hat Inc (NYSE:RHT) has announced on Wednesday that it has signed a definitive agreement to acquire eNovance for $95 million. eNovance is a leading provider of open source cloud computing services.
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Red Hat Inc (RHT) acquires Inktank for $175 million in cash

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Red Hat Inc (NYSE:RHT) is an open source software company that has announced it is acquiring Inktank, an open-source storage systems developer company. The acquisition is happening for $175 million in cash. Red Hat is combining Inktank’s Inktank Ceph Enterprise product with Red Hat’s own GlusterFS-based storage offering.
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Google, Oracle, Red Hat To Help On Healthcare.gov Website

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Google, Red Hat, Oracle, and several other technology companies are providing dozens of computer engineers and programmers to help the Obama administration fix the Healthcare.gov website.  Healthcare.gov is a health-insurance exchange website.
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MongoDB Raises $150 Million In VC Funding

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MongoDB has raised $150 million in funding with a $1.2 billion valuation.  This makes MongoDB the most valuable Internet startup in New York, according to Bloomberg.  New investors that participated in this deal includes EMC Corp. and Salesforce.com.  Previous investors that participated in this round includes Red Hat, Intel, New Enterprise Associates, and Sequoia Capital.  T. Rowe Price Group and Altimeter Capital were also part of this round as first-time investors.  MongoDB has now raised over $231 million.

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Mirantis Raises $10 Million From Red Hat, SAP, WestSummit Capital, and Ericsson

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Mirantis is an OpenStack systems integration company that has raised $10 million in their second round of Series A financing since December.  Investors in this round include Ericsson, Red Hat, SAP Ventures, and existing investor WestSummit Capital.  Mirantis has raised a total of $20 million.  The company raised $10 million in December 2012 from Dell Ventures, Intel Capital and WestSummit Capital.

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Red Hat In The Midst Of A $300 Million Stock Buyback

Open-source software company Red Hat has announced earlier this week that they are going through a $300 million stock buyback program in common stock.  This new plan replaces the previous $300 million buyback program with the final $179 million completed since February 28, 2013 at an average price of $49.15 per share.  The new stock buyback program will allow management to use their discretion to buy Red Hat stock from time-to-time assuming that the market conditions are favorable until the $300 million allocation is completed.

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Google, BlackBerry, EarthLink, and Red Hat Sends Comments To The FTC and DOJ Around “Patent Troll” Issues

Matthew Bye, the Senior Competition Counsel at Google, has reported that Google has submitted comments with BlackBerry, EarthLink, and Red Hat to the Federal Trade Commission (FTC) and the Department of Justice (DOJ) about the growing harm that is caused by “patent trolls.”  Google was encouraged by the recent attention on the problems that patent trolls cause, which is estimated to be around $30 billion per year according to a Boston University law study.  Patent trolls hurt consumers and they stifle innovation.

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NoSQL DB Company 10gen Raises $81 Million Total

Intel Capital and Red Hat has invested in NoSQL database company 10gen.  10gen has now raised a total of $81 million.  10gen is known as being the sponsor for popular open source NoSQL database MongoDB.  This round of funding was undisclosed.  According to TechCrunch, the company now has a total of $81 million in funding.

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