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Red Hat scoops up JBoss

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icecoolz

Cyborg Agent
update Linux distributor Red Hat said Monday that it signed an agreement to buy open-source company JBoss for at least $350 million, a move that expands Red Hat's product line and adds to its growth potential.

The transaction involves 40 percent cash and 60 percent Red Hat stock, with an additional $70 million owed, subject to financial performance. Red Hat said the deal, which is expected to close next month, will add to the company's earnings next year.

SOURCE:

http://news.com.com/Red+Hat+scoops+up+JBoss/2100-7344_3-6059293.html?tag=nl.e498

I dont know about you, but this is def an interesting development if you ask me. Which leads to the question, is opensource really "open source" ???
 

JGuru

Wise Old Owl
RedHat to acquire JBoss

Red Hat, Inc., 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.

Read the full-story at the link below:
http://www.osdir.com/Article8535.phtml

NOTE: JBoss is the world's leading open source application Server written
in Java language. The other heavy-weights include WebLogic , WebSphere
both of which are commercial ones.
 
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