Sixteen years ago, few imagined that a handful of people at a Linux start-up in North Carolina were laying the groundwork for an open source business with more than a billion dollars in annual revenue. Yet as we stand at that milestone, and as we take the opportunity to reflect, we believe our success speaks volumes about the power of community.
This billion dollar milestone is not only a win for Red Hat—it is a victory for open source advocates everywhere. Our fight has always been about something greater than just access to software code. The open source movement is rooted in shared values about knowledge; it is founded on ideas that are both ordinary and revolutionary. As members of this community, we elevate transparency over secrecy. We prize freedom rather than control. This is the open source way: sharing ideas and information, contributing to an intellectual commons that leads to greater innovation and benefits us all.
First open source company to reach more than a billion dollars in annual revenue. They’re donating $100k to some great groups too.