Red Hat to Acquire Netscape Business
RALEIGH, N.C.--(BUSINESS WIRE)--Sept. 30, 2004-- Red Hat, Inc. (Nasdaq:
RHAT - News), the world's leading provider of open source solutions
to the enterprise, today announced that it has entered into a definitive
asset purchase agreement with America Online, Inc. to acquire certain
assets of Netscape Security Solutions.
The products to be acquired are derived from
the Netscape Enterprise Suite and include Netscape Directory Server
and Netscape Certificate Management System. Red Hat plans to start
marketing these products as part of its Open Source Architecture
over the next 6 to 12 months. Customers will then benefit from enhanced
security, manageability and office productivity as these technologies
are optimized for devices and applications across the Open Source
"Red Hat is committed to building a secure
computing environment in the enterprise," said Paul Cormier,
Executive Vice President of Engineering at Red Hat. "Directory
Server and Certificate Management System will enable the integration
of the desktop with a network-wide set of computing services that
up until now had only been available from a small set of proprietary
Netscape Directory Server is an LDAP server
that provides greater manageability by centralizing application
settings, user profiles, group data, policies and access control
information into a network-based registry.
Directory Server simplifies user management
by significantly reducing data redundancy. Security is also improved
by enabling administrators to store policies and access control
information in the directory for a single authentication source.
AOL currently has directory server deployed to manage information
throughout its organization.
Netscape Certificate Management System provides
a security framework designed to authenticate the identity of users
and ensure privacy of communications. Unlike passwords, certificates
cannot be easily stolen thus they provide a more reliable method
of verifying user identity and preventing identity theft. Customers
utilizing the Certificate Management System include federal government
agencies and AOL.
"We believe the acquisition of these
Netscape assets has tremendous long-term strategic value for the
open source industry and Red Hat Enterprise Linux subscribers,"
said Matthew Szulik, Chairman and CEO at Red Hat.
"Directory Server and Certificate Management
System have already been widely deployed in the enterprise and are
mature pieces of infrastructure software. The technologies will
provide a secure switchboard with certificates for all traffic in
the open source architecture."
Red Hat's acquisition of the Netscape Security
Solutions assets is expected to be completed in Red Hat's third
fiscal quarter of 2004. The acquisition is subject to customary
conditions to closing but is not subject to any further Board or
stockholder approvals of any of the parties. For more information
on the Directory Server and Certificate Management System visit
http://enterprise.netscape.com or call 866-2-REDHAT.
About Red Hat, Inc.
Red Hat, the world's leading open source and
Linux provider, is headquartered in Raleigh, NC with satellite offices
spanning the globe. Red Hat is leading Linux and open source solutions
into the mainstream by making high quality, low cost technology
accessible. Red Hat provides operating system software along with
middleware, applications and management solutions. Red Hat also
offers support, training and consulting services to its customers
worldwide and through top-tier partnerships. Red Hat's Open Source
strategy offers customers a long term plan for building infrastructures
that are based on and leverage open source technologies with focus
on security and ease of management. Learn more: http://www.redhat.com.
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HAT is a registered trademark of Red Hat, Inc.
Red Hat, Inc.
Leigh Day, 919-754-4369
Source: Red Hat, Inc.