Red hat considered as one of the biggest successful models of relying on open source software to create a big business, so when IBM announced it has reached a deal to acquire Red Hat for US$34 that make an impact inside the free and open source community.
IBM released a statement to answer many of the community questions, mainly to answer how the company assure retaining Red Hat’s open source culture.
IBM said “We are committed to retaining Red Hat’s culture, leadership and practices. It’s important to remember that IBM has long been a champion of the open source community, starting with our $1 billion investment in Linux 20 years ago”.
the company added, “With every crank of the technology cycle over the last two decades, the open source community has played a crucial development role, and that has never been more apparent than today, as companies work to shift their business applications to the cloud”.
“Within that open source community, IBM and Red Hat have had a long and successful relationship. Between us, IBM and Red Hat have contributed more to the open source community than any other organization” said Arvind Krishna, Senior Vice President, IBM Hybrid Cloud.
Also, IBM clarifies that the company and OSS community share many common beliefs – starting with the fact that the IT world is, and will continue to be, hybrid.
Notable, The deal remains subject to Red Hat shareholder approval as well as regulatory approvals. It is expected to close in the latter half of 2019.
