STRATEGIC MANAGEMENT
ASSIGNMENT # 1
SUBMITTED BY :
♦ ATHANAS ♦ HAFSA ♦ IVAN ♦ KIRAN ♦ RAJINI ♦ SIJI ♦ TIM ♦ WARREN ♦
Brief History :
In 1993 Bob Young incorporated the ACC Corporation, a catalog business that sold Linux and UNIX software accessories. In 1994 Marc Ewing created his own Linux distribution, which he named Red Hat Linux. Ewing released it in October, and it became known as the Halloween release. Young bought Ewing's business in 1995, and the two merged to become Red Hat Software, with Young serving as chief executive officer (CEO).
Red Hat went public on August 11, 1999, the eighth-biggest first-day gain in the history of Wall Street.[5] Matthew Szulik succeeded Bob Young as CEO in November of that year.
On November 15, 1999, Red Hat acquired Cygnus Solutions. Cygnus provided commercial support for free software and housed maintainers of GNU software products such as the GNU Debugger and GNU Binutils. One of the founders of Cygnus, Michael Tiemann, became the chief technical officer of Red Hat and by 2008[update] the vice president of open source affairs. Later Red Hat acquired WireSpeed, C2Net and Hell's Kitchen Systems.[6]
In February 2000, InfoWorld awarded Red Hat its fourth consecutive[7] "Operating System Product of the Year" award for Red Hat Linux 6.1. Red Hat acquired Planning Technologies, Inc in 2001 and in 2004 AOL's iPlanet directory and certificate-server software.
Red Hat moved its headquarters from Durham, NC, to N.C. State University's Centennial Campus in Raleigh, North Carolina in February 2002. In the following month Red Hat introduced the first enterprise-class Linux operating system:[8][citation needed] Red Hat Advanced Server, later re-named Red Hat Enterprise Linux (RHEL). Dell,[9] IBM,[10] HP[11] and Oracle Corporation[12] announced their support of the platform.[13]
In December 2005 CIO Insight magazine conducted its annual "Vendor Value Survey", in which Red Hat ranked #1 in value for the second year...