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M&A Deal Summary

Red Hat Acquires Cygnus Solutions

On January 11, 2000, Red Hat acquired software company Cygnus Solutions for 674M USD

Acquisition Highlights
  • This is Red Hat’s 1st transaction in the Software sector.
  • This is Red Hat’s largest (disclosed) transaction.
  • This is Red Hat’s 1st transaction in the United States.
  • This is Red Hat’s 1st transaction in California.

M&A Deal Summary
Date 2000-01-11
Target Cygnus Solutions
Sector Software
Buyer(s) Red Hat
Deal Type Add-on Acquisition
Deal Value 674M USD

Target

Cygnus Solutions

Sunnyvale, California, United States
Cygnus Solutions, Inc., a supplier of Linux software programming tools, with strength in software used to run hand-held devices including cellular phones and mobile computers.

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Buyer(S) 1

Buyer

Red Hat

Raleigh, North Carolina, United States
Category Company
Founded 1993
Sector Software
Employees8,800
Revenue 2.9B USD (2018)
DESCRIPTION
View of Red Hat's corporate headquarters in Raleigh, North Carolina.
View of Red Hat's corporate headquarters in Raleigh, North Carolina.

Red Hat is a provider of open source software solutions, using a community-powered approach to reliable and high-performing cloud, Linux, middleware, storage and virtualization technologies. Red Hat also offers support, training, and consulting services. Red Hat was formed in 1993 and is based in Raleigh, North Carolina.

DEAL STATS #
Overall 1 of 33
Sector: Software M&A 1 of 20
Type: Add-on Acquisition M&A Deals 1 of 32
State: California M&A 1 of 11
Country: United States M&A 1 of 30
Year: 2000 M&A 1 of 5
Size (of disclosed) 1 of 16
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-05-26 Bluecurve

Oakland, California, United States

Bluecurve provides a software that measures distributed computers from the customer’s point of view. Its software enables companies to realize a greater return from distributed IT infrastructures by helping them deliver a consistent, high quality of service at a lower cost of ownership.

Buy $37M
Mergr

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