M&A Deal Summary

Red Hat Acquires WireSpeed Communications

On August 1, 2000, Red Hat acquired communications company WireSpeed Communications for 90M USD

Acquisition Highlights
  • This is Red Hat’s 1st transaction in the Communications sector.
  • This is Red Hat’s 11th largest (disclosed) transaction.
  • This is Red Hat’s 3rd transaction in the United States.
  • This is Red Hat’s 1st transaction in Alabama.

M&A Deal Summary
Date 2000-08-01
Target WireSpeed Communications
Sector Communications
Buyer(s) Red Hat
Deal Type Add-on Acquisition
Deal Value 90M USD

Target

WireSpeed Communications

Huntsville, Alabama, United States
WireSpeed is a software and hardware engineering company specializing in communication, control and networking. We port your applications to new environments, develop drivers for your special device, or work with you to prototype embedded hardware designs.

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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 3 of 33
Sector (Communications) 1 of 2
Type (Add-on Acquisition) 3 of 32
State (Alabama) 1 of 1
Country (United States) 3 of 30
Year (2000) 3 of 5
Size (of disclosed) 11 of 16
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-08-15 Hell s Kitchen Systems

Pittsburgh, Pennsylvania, United States

Hell's Kitchen Systems, Inc. (HKS) product is CCVS, a credit card verification system used by hundreds of merchants and merchant-application service providers. HKS has used Linux for product development and payment processing.

Buy $85M
Mergr

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