{"id":82,"date":"2018-11-04T05:08:09","date_gmt":"2018-11-04T05:08:09","guid":{"rendered":"http:\/\/hardcastlegis.com\/blog\/?p=82"},"modified":"2019-06-17T22:52:29","modified_gmt":"2019-06-17T22:52:29","slug":"largest-open-source-deal-ever","status":"publish","type":"post","link":"https:\/\/hardcastlegis.com\/blog\/largest-open-source-deal-ever\/","title":{"rendered":"Largest Open source Deal Ever"},"content":{"rendered":"<p>During the last year, we\u2019ve seen a number of buzz-worthy articles about the increasing adoption of open technology, in which the rise of open source is described as \u201cmeteoric,\u201d \u201cexplosive,\u201d and \u201cskyrocketing.\u201d From our perspective on the leading edge of this trend, we can\u2019t argue.<\/p>\n<p>In a bombshell move over the weekend, IBM announced that it would acquire Red Hat in a deal worth $34B. Big Blue announced that it would offer $190 per share of Red Hat in a cash transaction that represents a substantial premium over the latter\u2019s current valuation. Red Hat stock closed at just $116.68 on Friday and was down slightly last week after missing analyst estimates, though the company increased subscription revenue by 20 percent.<\/p>\n<p>This deal is the largest ever for an open source company and the third-largest tech deal ever.<\/p>\n<p>However, the tech press might need to find some new adjectives: IBM has announced it will\u00a0<a href=\"https:\/\/www.redhat.com\/en\/about\/press-releases\/ibm-acquire-red-hat-completely-changing-cloud-landscape-and-becoming-world%E2%80%99s-1-hybrid-cloud-provider\">acquire<\/a>\u00a0Red Hat, a move that \u201cchanges everything about the cloud market,\u201d according to IBM Chairman, President, and CEO Ginni Rometty. The deal closely follows the completion of Microsoft\u2019s\u00a0acquisition\u00a0of GitHub and news of the impending\u00a0<a href=\"https:\/\/techcrunch.com\/2018\/10\/03\/cloudera-and-hortonworks-announce-5-2-billion-merger\/\">merger<\/a>\u00a0of Cloudera and Hortonworks; it also handily challenges the perception of IBM as a purely old-guard vendor dealing exclusively in closed-source, off-the-shelf software solutions. Furthermore, it underscores the legitimization of open source solutions for the enterprise.<\/p>\n<p>In 1993, Bob Young was unemployed and working out of his wife&#8217;s sewing closet on a new company he co-founded.<\/p>\n<p>Here at Hardcastle, we can\u2019t say we\u2019re surprised \u2013 in fact, we see landmark deals like this one as an inevitable part of open source becoming mainstream for even the most mission-critical applications. We continue to experience firsthand how open source is increasingly important and can add value to the customer in saving huge licensing cost, also resulting in and getting more value from geospatial data.<\/p>\n<p>Hardcastle products and solutions use more than 80% of Open Source Tools for its development, <a href=\"https:\/\/www.hardcastlegis.com\/Contact.html\">Contact Us<\/a> for getting your solutions developed today on Open Source.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>During the last year, we\u2019ve seen a number of buzz-worthy articles about the increasing adoption of open technology, in which the rise of open source is described as \u201cmeteoric,\u201d \u201cexplosive,\u201d and \u201cskyrocketing.\u201d From our perspective on the leading edge of this trend, we can\u2019t argue. In a bombshell move over the weekend, IBM announced that [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":83,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_vp_format_video_url":"","_vp_image_focal_point":[],"footnotes":""},"categories":[4],"tags":[],"class_list":["post-82","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gis"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Largest Open source Deal Ever - Hardcastle GIS<\/title>\n<meta name=\"description\" content=\"Hardcastle GIS recommends and appreciates world largest open source company deal ever in which IBM buys Red Chat Organisation for 34 BN\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/hardcastlegis.com\/blog\/largest-open-source-deal-ever\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Largest Open source Deal Ever - 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