2019-Today
In 2019, Red Hat and IBM joined forces in one of the largest software acquisitions in history. The move aided Red Hat’s efforts to bring open source innovation to an even broader range of organizations and scale to meet the need for hybrid cloud solutions that deliver true choice and agility. But Red Hat is still Red Hat, operating as an independent subsidiary, guided by the same values and principles that have always guided its brand.
In early 2020, Paul Cormier was named President and CEO of Red Hat. His leadership solidified the company as an industry leader and paved the way for the open innovation that is at the heart of Red Hat’s open hybrid cloud strategy.
In July of 2022, Matt Hicks succeeded Cormier as President and CEO. Hicks previously served as Executive Vice President of Products and Technologies, where he was responsible for the entirety of Red Hat’s product strategy and engineering. With more than 25 years experience in Linux, a background in computer engineering, industry vision, and business acumen, Hicks is well-regarded for his work with customers and partners to solve the next generation of IT challenges with open source.
In 25+ years, Red Hat has grown from a small, home-based business into the world’s leading provider of enterprise open source solutions. Today, more than 90% of Fortune 500 companies rely on Red Hat, and its products and solutions are trusted on a global scale.
Starting with the revolutionary foundation of Red Hat Enterprise Linux, Red Hat has built a broad portfolio spanning a full, modern IT stack, including hybrid cloud infrastructure, middleware, agile integration, cloud-native application development, and management and automation solutions. As always, everything continues to be made the open source way.