Red Hat gains full control of Indian JV
By agencies   |   Thursday, 08 December 2005, 20:30 IST
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MUMBAI: Red Hat, an open source software solutions provider, has announced complete acquisition of its joint venture in India. The company’s joint venture with Javed Tapia was established in the year 2000. The company’s statement said, the acquisition is important to Red Hat as India has emerged as its fastest growing region in Asia Pacific. “In a country where Linux was practically unheard of, Red Hat introduced the revolutionary concept of open source technology." The company plans further investment to help realize the potential of the open source market in India, the release added. Announcing the company’s future plan, its Executive Vice President and Chief Financial Officer, Charlie Peters said, “To accelerate this growth rate, Red Hat has plans to invest over $ 20 million in India over the next several years. Additionally, the company will leverage the technical skills of the Indian talent pool to expand its market share in other geographies.” India has proven itself as a strategic market for Red Hat and Linux, he added.

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