RedHat Acquires JBoss for $350 Million

[regic]

Consolidation came to the Linux space Monday, with Red Hat saying it would acquire open source middleware maker JBoss in a stock-and-cash deal worth US$350 million. Raleigh, N.C.-based Red Hat said the deal would speed the development of more open source solutions for enterprises and accelerate a shift to service-oriented architectures. "It is at Red Hat's very core to help unlock the power of open source and open communities to innovate across industries, geographies and economies," said Red Hat CEO Matthew Szulik.

Red Hat is positioning itself to take advantage of the growing crop of Linux applications, especially business productivity and related software that will help drive Linux demand within enterprises, Merrill Lynch analyst Kash Rangan said...

full article: http://ecommercetimes.com/story/Ydb20qKr...Deal.xhtml

[rose]

Oracle has got to be kicking themselves over losing out to RedHat