The Hindu Business Line : Red Hat buys out Indian partner

RED Hat, which provides open source software solutions, has announced complete acquisition of its joint venture in India. Red Hat's joint venture with Mr Javed Tapia was established in 2000.

The acquisition is important to Red Hat as India has emerged as its fastest growing region in Asia Pacific, said a news release from the company. "In a country where Linux was practically unheard of, Red Hat introduced the revolutionary concept of open source technology."

The company plans further investment to help realise the potential of the open source market in India, the release said.

"To accelerate this growth rate, Red Hat has plans to invest over $ 20 million in India over the next several years," said Mr Charlie Peters, Executive Vice President and Chief Financial Officer at Red Hat. "Additionally, the company will leverage the technical skills of the Indian talent pool to expand its market share in other geographies."

"India has proven itself as a strategic market for Red Hat and Linux," said Mr Matthew Szulik, Chairman and CEO of Red Hat.

Mr Tapia has been promoted as President, Red Hat Indian Subcontinent — responsible for the operations and strategic planning for all Red Hat operations in India.

In addition, he will also oversee Red Hat's operations in West Asia.

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