12/22/2003 - Red Hat, Inc. (Nasdaq:RHAT), the world's premier open source solution provider to the enterprise, announced that it has entered into a definitive agreement to acquire Sistina Software, a leading storage infrastructure software company. Concurrent with Red Hat's Open Source Architecture strategy, the acquisition will provide Enterprise Linux customers a path to virtualization and vendor-independent storage solutions.
"With enterprise class storage management capabilities in place, Linux operating environments look more trustworthy than ever," said John Webster of the Data Mobility Group.1 Sistina is a leader in what industry data estimate a $2 billion storage infrastructure marketplace.
Sistina's storage infrastructure software is the foundation for building, integrating and deploying data-sharing storage solutions across the enterprise. Solutions include:
"The acquisition of the Sistina technology and world class development team, in close collaboration with the open source community, will greatly accelerate the availability and advancement of open source storage solutions for the enterprise," said Paul Cormier, Executive vice president of Engineering at Red Hat.
Sistina's engineering team, consisting of industry experts in clustering and virtualization, will augment Red Hat's development efforts. The integrated team will work to make all of Sistina's technologies open source and available as a part of a subscription in the first half of 2004. Red Hat's acquisition of Sistina is expected to be completed in early January at a purchase price of approximately $31M to be paid through issuance of Red Hat common stock.
About Red Hat, Inc.
Red Hat is the world's premier open source and Linux provider. Red Hat is headquartered in Raleigh, N.C. and has offices worldwide. Please visit Red Hat on the Web at http://www.redhat.com.
1 Data Mobility Group Research Brief, "Storage to Drive Linux into the Data Center", February, 2003
LINUX is a trademark of Linus Torvalds. RED HAT is a registered trademark of Red Hat, Inc.
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