Red Hat

Software and Programming

Acquired by IBM
Raleigh, United States Founded 1993
Total raised
Stage
Founded
1993
Headcount
470
HQ
Raleigh, United States
Sector

About

Red Hat provides enterprise open source solutions, using a community-powered approach to deliver high-performing Linux, cloud, container, and Kubernetes technologies. It develops cloud-native applications, and integrate, automate, secure, and manage complex environments with support, training, and consulting services.

In September of 2008, Red Hat acquired an Israeli start-up named Qumranet and transformed it into an R&D center, working entirely according to the Open Source model. The Red Hat R&D center in Ra’anana is a central pillar in the development of the company’s Cloud Solutions, focusing mainly on the development around Virtualization and OpenStack Platforms as well as Openshift which is the Kubernetes Containers solution from Red Hat. All these products are running on top of the KVM technology, originally developed by Qumranet The Open model is the heart of the Red Hat culture worldwide as well as in the Ra’anana office.

The Engineering office in Israel is collaborating with different universities and colleges in the area: IDC Herzliya – The Interdisciplinary Center Herzliya is a private research college in Herzliya, The Technion – Israel Institute of Technology is a public research university in Haifa and MTA – The academic college of Tel-Aviv Yaffo.

Company Intelligence Q&A

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When did Red Hat establish its presence in Israel?
Red Hat established its presence in Israel in September 2008, following the acquisition of the Israeli startup Qumranet.
What was the strategic purpose of Red Hat's acquisition of Qumranet?
In September 2008, Red Hat acquired Qumranet to transform it into an R&D center in Ra’anana, focusing on Cloud Solutions, Virtualization, OpenStack Platforms, and Openshift, utilizing Qumranet's KVM technology.
Which company acquired Red Hat and for what amount?
IBM acquired Red Hat for $34 billion. The deal was announced in October 2018 and closed in July 2019.
What is the employee count for Red Hat in Israel?
Red Hat employs between 201 and 500 individuals in Israel, with an exact count of 470 employees.
Which Israeli academic institutions does Red Hat's engineering office collaborate with?
Red Hat's engineering office in Israel collaborates with IDC Herzliya, The Technion – Israel Institute of Technology, and MTA – The academic college of Tel-Aviv Yaffo.
What was Red Hat's market capitalization as of early 2022?
As of January 1, 2022, Red Hat's market capitalization was $30.53 billion.
What was Red Hat's most recent acquisition in Israel, and what was its purpose?
In May 2025, IBM’s Red Hat acquired the stealth Israeli startup Jounce for $20 million to bolster its AI cloud stack.

Tags

open-sourceenterprise-softwarevirtualizationinnovation-center