Red Hat began in 1994 and has become the largest and most recognized company dedicated to OpenSource. The company now has more than 500 [employees] and 15 locations worldwide. Red Hat is headquartered in Durham, North Carolina.
Red Hat was founded by visionary entrepreneurs Bob Young and Marc Ewing. Open source is the foundation of their business model. It represents a fundamental shift in how software is created. The code that makes up the software is available to anyone. Developers who use the software are free to improve the software. Even competitors like Microsoft admit that the result is rapid innovation (cf. Halloween documents).
Red Hat solutions combine Red Hat Linux, developer and Embedded Technologies, training, management services, technical support. Red Hat delivers this open source innovation to their customers via an Internet platform called Red Hat Network.
On August 11, 1999, the company completed its Initial Public Offering of six million shares of common stock at a price of $14/share on the US NASDAQ. Its stock ticker is RHAT. Its site may be found at http://www.redhat.com