Amid a legal conflict with music label Warner Music Group, Spotify, successfully launched its app for the Indian users yesterday. The company quietly rolled out the app for the Indian users on Wednesday, and it is also expected that the Indian Spotify app may be used to test the upcoming features to the app.
Image Source: rollingstone.com
With the launch of the app, Spotify will provide its Indian users with access to over 40 million songs, and in different languages including Hindi, Punjabi, Tamil, and Telugu, etc. The app is specially designed for the Indian users, such that they will be able to create playlists for the trending songs in the major cities of India. The app also offers on-demand songs with a free account.
“India has an incredibly rich music culture, and to best serve this market, we’re launching a custom-built experience,” Spotify founder and CEO, Daniel Ek, said in a statement. “Not only will Spotify bring Indian artists to the world, but we’ll also bring the world’s music to fans across India.”
The app is offering
various different plans for its users in India. The offers include
one day to monthly plans, under which for one day access the users
need to pay 13 rupees ($0.18), for a week they have to pay 39 rupees
($0.55), and one single month plan is for 129 rupees ($1.81). Spotify
has also introduced the student plans offering discounts up to 50 per
cent.
Although the company
had set up its office in India last year and had plans to launch the
app in India in the month of February in the same year, in order to
get the licensing deals with major record labels including Sony,
Universal and Warner Music, the launch got delayed for a whole year.
Even though the company has finally launched the app in India, it is a bit late, as there are many other companies including Apple Music, Google Play/YouTube Music, JioSaavn, Gaana, and Amazon, that are already ruling the music streaming industry in India. So it can be a bit tough for the company to establish itself in the Indian music streaming industry amid the high competition.
The Sweden-based
company Spotify is operating since 2007 in several other countries,
having a huge client base across the globe. As of February 2019
records, the company is catering to 207 million total monthly active
users, including 96 million paying subscribers.
Yashica is a Software Engineer turned Content Writer, who loves to write on social causes and expertise in writing technical stuff. She loves to watch movies and explore new places. She believes that you need to live once before you die. So experimenting with her life and career choices, she is trying to live her life to the fullest.
“Follow your passion. Following your passion will lead you to the road of success.” the most common saying that we hear today. But how many of us have the courage to do that? Only a few are there who recognise their passion and pursue it to find self-satisfaction. One such prominent personality was Henry Ford, the founder and the first chief engineer of Ford Motor Company. Henry’s passion was his love for the machines, and his passion gave inspiration to many, as his only interest led him to build an empire which is one of the biggest automobile manufacturers, today.
Early
Life
Henry Ford was born on 30 July 1863, in Greenfield Township, Michigan, in a farmer’s family. His fathers family belonged to England, and his mother’s parents had moved from Belgian to Michigan. In his early childhood, he was introduced to many types of machinery used in farming, and the time he became a teenager, he became more interested in the machinery repair work than farming. He used to dismantle and repair the timepieces and became a pro at it.
Image Source: thehenryford.org
His love for machines led him
to move to Detroit and join the James F. Flower & Bros. as an
apprentice machinist. Later, he joined the Detroit Dry Dock Co. at
the same position.
Though he was never interested
in farming, he had to move back to his hometown to work on his family
farms. Here too, except the farming work, he was more involved in the
other machinery work. In the same time, he learned to operate the
Westinghouse portable steam engine and was appointed by Westinghouse
to service their steam engine.
Career
As Henry was always interested
in working with the machines, with his interest he had developed
great skills, too. In 1982, to pursue his dream career he started
working with the Edison Illuminating Company of Detroit as an
engineer. Within two years, he was promoted as the Chief Engineer in
the company. He had gained enough experience and was earning good
money too, so he started experimenting with his own projects and was
able to build a self-propelled vehicle naming it the Ford
Quadricycle.
On 5 August 1899, Henry
founded Detroit Automobile Company and launched another vehicle
financed by Detroit-based businessperson William H. Murphy. Since the
company could not provide the best quality of vehicles, the company
was shut within two years of its inception, in January 1901.
In the month of October the
same year, Henry built another 26-horsepower automobile. The vehicle
was of high quality and encouraged the shareholders of the Detroit
Automobile Company to invest in another newly built company named
Henry Ford Company, established on 30 November 1901, where Ford
became the chief engineer. But in the very next year, due to some
dispute, Henry left the company.
Leaving the company did not
stop Henry from manufacturing vehicles, and in 1902, he, with the
help of former racing cyclist Tom Cooper, manufactured the 80+
horsepower racer “999” that participated and won a race, in
the same year.
Founding
Ford Motor Company
The success of “999” was
enough to attract more investors, and that is what happened next.
Alexander Y. Malcomson partnered with Henry to form Ford &
Malcomson, Ltd. to manufacture an inexpensive automobile. Soon, other
investors including Dodge Brothers also partnered with Henry and
Malcomson, and they incorporated the company as Ford Motor Company,
on 16 June 1903, with a capital of $28,000. The next model from the
company set a new land speed record at 91.3 miles per hour that drove
on the ice of Lake St. Clair.
It was the race driver Barney
Oldfield who became the most important person in terms of marketing
of the cars produced by the company, as he drove the “999” around
the country.
The next popular model that
the company produced was the T model, having a cost of around $825
(1908). It was the first car model that had steering on the left, and
the engine and other machine parts were enclosed under the metal
covers. The design was impressive, and various other companies copied
the design.
In 1914, the recorded sales
passed 250,000 units, and in 1916, sales reached 472,000. In 1927,
the final total production of the T model was 15,007,034, which set a
record that stayed for the next 45 years.
By the year 1918, Henry
acquired the sole ownership of the company. The next hit model that
the company produced was the model A, introduced in December 1927.
Henry was not only a visionary
inventor but was also an excellent entrepreneur. He tried to get
everything under one-roof and tried to avoid any kind of dependence
on any other company. He had established an empire where he could
manufacture the products from scratch. He always supported the
economic independence of the United States.
In 1911, he established the
first two international Ford plants in Britain and Canada, followed
by the establishment of the other plants in Germany, Australia,
India, and France, by the year 1920.
During the first World War
Henry also invested in the aviation industry and built the most
successful aircraft, the Ford 4AT Trimotor. The company also acquired
the Stout Metal Airplane Company. In 1927. The Smithsonian
Institution has honoured Ford for changing the aviation industry. In
1933, the aviation wing of the Ford Company was shut down due to the
sales issues.
During the war, Henry was one
of the 170 peace leaders who were against the war and was making
efforts to stop it. In the second World War, too, he opposed
America’s participation in the war.
After the death of his son
Edsel Ford, in May 1943, who was also serving as the President of the
company, the company started facing a kind of decline. Henry had left
the Presidency over twenty years ago, and due to his son’s death,
he reconsidered to regain the post. Although due to his health
issues, there were only a handful of people who wanted him to take
the position, he was chosen with majority votes as the President of
the company. But due to bad health, he appointed his grandson Henry
Ford II, as president and the company was back on the track.
Personal
Life & Death
Henry had married Clara Jane Bryant on April 11, 1888, and had a son Edsel Ford, who later became the President of the Ford Motor Company.
Henry ran as a Democrat for
the United States Senate from Michigan in 1918 but lost to the
Republican candidate, Truman Newberry with a small margin.
He also took immense interest
in the car racing and manufactured cars, especially, to compete in
various races. He himself, too, participated in a few car races.
On 7 April 1947, he died of
cerebral haemorrhage at Fair Lane at the age of 83.
Ford Henry will always be
remembered for his contribution to the automobile industry and the
leadership qualities that he possessed. He was a great inventor, and
his story is a motivation for many.
Yashica is a Software Engineer turned Content Writer, who loves to write on social causes and expertise in writing technical stuff. She loves to watch movies and explore new places. She believes that you need to live once before you die. So experimenting with her life and career choices, she is trying to live her life to the fullest.
It
is very difficult to find variety in the services in a single
company, but there are possibilities for everything in the tech
industry be it anything. Such possibility was put into effect by AOL
(American Online) and is still doing the same, as it fulfils
multi-tasks for its users. The company was not always doing this
well. The man, who helped the company to rise through the ranks is
Steve Case. The story of Case speaks that success is hard but not
impossible to achieve.
American Online Inc. is an online service provider, headquartered in New York City. As of now, AOL is a division of Verizon Media, but it had started out all its own. It dates back to 1983 when the company started as Control Video Corporation (CVC). The company provided game consoles at a fixed cost, and after that started charging $1 per game to its users. Steve Case, initially, was hired as a part-time marketing consultant by Bill von Meister (the then CEO of the company) for Control Video and was recommended by his brother, Dan Case. At that time, the company was not in a good financial condition and was nearing bankruptcy. But then Jim Kimsey founded Quantum Computer Services from the remains of CVC.
Image Source: entrepreneur.com
Jim Kimsey hired Case as the Vice President of Marketing during the launch of Quantum Computer Services, and later, promoted him to the position of Executive Vice President. As the Executive Vice President, Steve changes the company’s strategy and introduced Quantum Link. This was an online service for Commodore 64 and 128 computers. Quantum Link, (Also known as Q-Link) was based on software licensed by PlayNet Inc. AOL had included the online games since the very beginning of its launch date. Quantum Computer Services grew in popularity during the 90s period as it became the leading internet service provider in the United States.
Kimsey
saw the potential in Case and decided to appoint Case as the CEO of
the company after he retires. Eventually, in 1991, when he retired
from the services of the company, Kimsey appointed Case as the CEO of
the company. Steve, in late 1991, renamed the company to American
Online, and from then, the company began to touch new heights.
He
began the journey with complete enthusiasm and with the decisions he
was making for the company, it didn’t feel like he was a
newly-appointed CEO. Steve made AOL pioneer in the social media
concept. The instant messaging app that AOL rolled out was called out
to be an absolute ‘killer’. He looked out into all the services
to make them affordable, easy to use and fun for the consumers. AOL
user base grew up to be as large as 26.7 million. By 2000, AOL’s
worth was $125 Billion and was the nation’s biggest internet
provider.
In
that period, AOL was delivering a massive 11,616% return to its
shareholders. It began to roll out more and more web services. Many
services like e-mail, search engines, news, sports, weather etc. were
introduced by AOL in the market.
Steve
personally had many successful interactive online titles to his name.
Quantum Space was one of the fully automated Play by email game. His
other contributions were graphical chat environments, Habitat and
Club Caribe. Alongside that, he induced the first Massively
Multiplayer Online Role-Playing Game (MMORPG) Neverwinter Nights.
It was 2001 when Steve negotiated the largest merger in the business history that has ever been done. Under his leadership, he managed to bring AOL and Time Warner together with AOL stockholders getting the majority stakes. The merger included more than $164 billion. The merger, however, failed as AOL – Time Warner fell into recession, followed by accounting scandals and much more. In January 2003, Steve resigned as the CEO of the company but still remained in the Board of Directors. “It took me 10 years to finally realize that the company was a success,” said Steve in an interview when asked about his time in AOL. In 2005, he resigned from AOL’s Board of Directors. AOL, in May 2015 was brought by Verizon in a deal valued at $4.4 billion.
Steve
is a die-hard entrepreneur, and even after his stepping down as the
CEO, he still continues to invest in upcoming entrepreneurs. He went
on and became the founding chair of Startup America Partnership,
which was launched by the White House to accelerate high-growth
entrepreneurship through the nation. Alongside that, he was a member
of President Obama’s Council on Jobs and Competitiveness. In 2014,
he was named Presidential Ambassador for Global Entrepreneurship.
Since then, he has been a leading voice in shaping government
policies, like the passing of the JOBS (Jumpstart Our Business
Startups). He is also the Chairman of Case Foundation, that has
invested in more than a hundred organizations, initiatives and
partnerships. Steve has pledged to donate his major wealth for the
philanthropic causes.
Steve
Case, who has the spirit of true entrepreneurship, gives us the clear
message that passion is what drives a person to his ultimate goals.
Steve is a living inspiration and is someone to learn from if you are
looking to start up your own business.
Raghav is a student and a content writer. He loves to write about emerging as well as the existing technologies around and about the ones who bring them to you. Music is the other passion that Raghav processes. It is like the fuel to his body. He is also in writing songs and poems. He believes that life is short, so live the best out of what you have got. Raghav considers himself a sci-fi guy, having stories and tech all around in his head, all the time.
It
is inevitable that games are an enormously great way to pass the time
and for the recreation of mind, be it offline (real-world) or online
(virtual). But since the recent years, the ‘gaming’ (virtual)
industry has been putting up a lot of effort to provide the best
experience, and with the games that have been rolling out, it is hard
to not let the spotlight fall on them. According to IAB (Trends
-2016), mobile gaming will be the one to have more than 190+ million
users which clearly tells the addictiveness of the games. One such
creator of ‘addictive’ games is King.com (King) which is playing
a major role in providing the world what it desires. The co-founder
and the Chief Creative Officer of King, “Sebastian Knutsson”
shares a story of his failures and successes, and how creativity can
shake the world.
King.com was founded by Riccardo Zacconi, Toby Rowland, Sebastian Knutsson, Thomas Hartwig, Lars Markgren and Patrik Stymne, in 2003, in Sweden. Zacconi and Toby, after the selling of udate.com, joined four of the co-founders to start a new venture with the help of investments of Angel Investments which were provided by Melvyn Morris.
Image Source: svd.se
The
company started with Morris as chairman, Zacconi and Rowland as
co-CEOs, Sebastian Knutsson as CCO (Chief Creative Officer), CTO
Thomas Hartwig, Managing Director Lars Markgren and Chief Systems
Architect Patrik Stymne. All but Rowland are still with the company.
King, initially, focused on the production of web browser compatible games but the company nearly went bankrupt, as it generated no profit. A key investment that saved the company arrived just a day before the doom-day by Melvyn Morris. Within two years, the company started generating revenues with them, growing from $2.60 million in 2004 to $12.21 million in 2004. In 2005, Apax invested a massive $32.68 million with Index Ventures invested $5.65 million. “We became dominant in Europe” quoted Knutsson on the achievement of King.
Knutsson,
in the company, is referred to as ‘the gamer guy’ and is the key
man which designs games for King. He has been with the company since
the very beginning with being at the CCO post, since June 2004. He
also served as the Executive Product Developer from February 2003 to
June 2004. He had done his BA from Stockholm School of Economics,
which enables him to have a sharp business brain. He also co-founded
‘Spray’ which became the main link between Zacconi and him.
Alongside Spray and King, he founded Fjord Network AB and
Midasplayer.com Ltd. He currently is an investment committee member
at Sweet Capital.
It
was in 2009 when King again saw a downfall in its users’ count. It
was because Facebook started to suck up their lot of users with the
interactive games it brought up. “In 2009 and 2010, the growth was
stagnant. We had this term when we were talking about our partners,
as being ‘F by F’” said Sebastian, mocking their situation back
in the day.
In
October 2010, the company was revised and shook up the whole system
within. The company wanted to integrate with Facebook. The web team
was slashed in half, releasing coders to work on five new projects to
crack Facebook.
Knutsson
was the lead to all this. “We knew we had to manage the transition
with improving the communication internally, managing that risk of
trying to pivot and make sure the staff were part of that journey and
understanding why we are doing it,” he added. Out of five games,
one game was in vain, three did okay, and one did all the work that
was required. These ‘saga’ games required very little of time
investments, unlike the Zynga games. This, turned out to be very
successful for the company, as the game ‘Bubble Witch Saga’
managed to gain more than 10 million players and became one of the
most played games on Facebook. Their next release, which emerged from
the Stockholm Studio of Knutsson, Candy Crush Saga topped the Charts,
be it the Facebook or the play store. The game was all over, and this
helped King in their IPO.
Knutsson
refers to the ‘Saga’ concept as a very simple one. “It is the
simplicity that is the strength, not its complexity.” “Candy
Crush was our strongest game on Facebook; we knew we had to get it
right.” Candy Crush and its Saga proved to be a gem for King as the
game was played by more than 93 million people, more than a billion
times daily in December.
As
of now, King has 13 studios in different locations, is generating
revenue of US $1.59 billion, net income of US $575 million (2014).
Company’s valuation at IPO is 7.1 Billion. Sebastian owns more than
17 million shares of the company. (Third most in the company)
The life story of Sebastian Knutsson, the co-founder and Chief Executive Officer of King.com, clearly shows that creativity never lets you down. He claims to have designed 10 out of the company’s 15 worst games ever but still leads the company to the best.
Raghav is a student and a content writer. He loves to write about emerging as well as the existing technologies around and about the ones who bring them to you. Music is the other passion that Raghav processes. It is like the fuel to his body. He is also in writing songs and poems. He believes that life is short, so live the best out of what you have got. Raghav considers himself a sci-fi guy, having stories and tech all around in his head, all the time.
Necessity is the key to invention, and the story of Linus Torvalds is the greatest proof to that. A student and an enthusiast programmer from Helsinki University started working on his own Operating System when he was unable to buy a basic UNIX system that costed around US$5,000 at that time. Although it was a modest effort of improving the small clone of UNIX, his creativity and curiosity led him to build a whole new and free OS software, Linux, which accidentally became an alternative to the Microsoft monopoly.
Early
Life
Linus Torvalds was born on 28 December 1969 in Helsinki, Finland. His father Nils Torvalds and mother Anna Torvalds, both worked as journalists. His parents named him after the Nobel Prize-winning American chemist, Linus Pauling. Torvalds was 11 years old when he got familiar with computers and the BASIC programming language. This was the time when he grew an interest in computers and coding. Soon, he was able to write codes for his own assembler and editor, as Finland was not a place where software were easily available. Later, he also developed a few games, including the clone of Pac Man, naming it the Cool Man.
Image Source: zdnet.com
Torvalds joined the University
of Helsinki in 1988, where he studied Computer Science as his majors.
But within the first year of his college, he joined the Finnish Army
Uusimaa brigade and completed the 11-month officer training program,
as the Second Lieutenant, under the mandatory military service of
Finland.
After completing the military
training, Torvalds came back to his home town, to resume his college.
While in college, he got introduced to Unix for the first time. At
the same time, he also started studying a book named ‘Operating
Systems: Design and Implementation’, written by the computer science
professor Andrew Tanenbaum, which described the educational
stripped-down version of Unix, ‘MINIX’.
Founding
Linux
In 1991, he bought the Intel 80386-based clone of IBM PC, having a 33MHz Intel 386 processor and a huge 4MB of memory. The system came with the MS-DOS operating system, that according to Torvalds did not do justice with the 386 Intel Processor. As he was already working on UNIX in the college, he was not much comfortable with working on MS-DOS but getting a UNIX copy too expensive. This led him to the other alternative for the OS, and he ordered a copy of MINIX for his system.
MINIX was faster than MS-DOS
but still had some flaws. So he decided to make some changes to MINIX
in order to improve the OS. To work on the idea, even before
receiving his MINIX copy, he went into the depth of Unix and studied
books covering all the aspects of the development phase. He started
with writing a small piece of code that could improve MINIX. This
also became the M.Sc. thesis project for Torvalds, and he titled the
project as ‘Linux: A Portable Operating System.’
On Aug. 25, he posted to the
internet’s Minix newsgroup, saying, “Hello everybody out there
using MINIX – I’m doing a (free) operating system (just a hobby,
won’t be big and professional like GNU) for 386 (486) AT clones. I’d
like any feedback on things people like/dislike in MINIX, as my OS
resembles it somewhat.”
Eventually, with great hard
work, Torvalds managed to release the first version of the OS, i.e.
1.0, on September 17, followed by the second version, i.e. 2.0, on
October 5, in the same year. The second version OS was a text-based
user interface and was officially named as Linux. Torvalds put the
0.2 version over FTP and used Stallman’s GNU General Public License
version 2 (GPLv2) for his Linux kernel so that other developers could
use it and modify it for further improvements.
Developers from across the
world also became curious about Linux, started working on the same,
resulting in rapid improvements to the platform. Even being a student
at Helsinki University, Torvalds was doing really well. The college
authorities appointed him as an instructor at the University, which
helped him continue his development work for Linux.
By 1996, people started using Linux on their systems, and by 1997, Linux was installed on over three million computers. Organisations like NASA, Dell and IBM were also using Linux. At the same time, Red Hat started building software based on Linux, that boosted the popularity of Linux even more.
In 1999, when Red Hat went
public, the company presented Torvalds with stock options in
gratitude for his creation, making him an overnight millionaire.
Also, when IBM started its research work on Linux in 2001, to support
this free software, a few other companies also stepped in to do the
same.
Today, Linux is serving those
people, who need to use a computer, but cannot and does do not want
to spend a huge amount on the other operating systems. According
to Torvalds, he started working on Linux for fun, and it is also a
fact that for almost a decade, he was working on it for free. Linux,
certainly, is the result of his dedication and brilliance.
Personal
Life
Torvalds
is married to Tove Torvalds and has three daughters. In 2010, he
obtained US citizenship. In 2000, he became interested in scuba
diving and have received many certificates in the same. He also
launched Subsurface, a software for logging and planning scuba dives,
in 2011.
In
1998, Torvalds received an EFF Pioneer Award. He also shared the
Takeda Award for Social/Economic Well-Being with Richard Stallman and
Ken Sakamura. In August 2005, Torvalds received the Vollum Award from
Reed College. He also received an honorary doctorate degree from
Stockholm University.
Torvalds also founded the distributed version control system Git, in 2005. The system is widely used to track the changes in source code during software development.
Yashica is a Software Engineer turned Content Writer, who loves to write on social causes and expertise in writing technical stuff. She loves to watch movies and explore new places. She believes that you need to live once before you die. So experimenting with her life and career choices, she is trying to live her life to the fullest.
Founding Red Hat at the time when the market was changing rapidly, was quite a big step, as the co-founders of Red Hat, Marc Ewing and Bob Young followed their gut feeling and kept their ears opened to every good advice from the experts. While building a business model, obviously one should focus on the product that he/she will be building under the name of their business, but at the same time for long term sustainability, one has to be future ready and take the steps carefully.
Founders
Marc Ewing was born on 9 May 1969 and completed his graduate degree from Carnegie Mellon University, in 1992. Ewing was a bright student and was also involved in the 86open project in the mid-1990s in college. His grandfather had gifted him a red colour hat that he used to wear during his college days, and this way, he had become popular as the ‘red hat guy’ in the college.
Image Source: irishtimes.com
The co-founder of Red Hat, Bob
Young, was a native of Hamilton, Ontario, Canada. He completed his
high school from Trinity College School in Port Hope and graduated as
Bachelor of Arts from Victoria College at the University of Toronto.
Young, after completing his
education, started a computer rental and leasing business and founded
Vernon Computer Rentals, in 1984. But in 1990, he sold the company to
Greyvest Capital and the money that came from the deal, made him an
overnight millionaire. But the good time was not permanent, and he
lost his millionaire status just in a few months as a result of some
bad business moves from Greyvest Capital.
Young, still, was with
Greyvest and to enhance his business he started attending the
meetings, where programmers talked about the latest trends in the
software program UNIX, running on the servers. He was an outsider but
knew that those meetings were the key to his biggest business idea.
At the time Young was
attending those meetings, he started a newsletter named New York Unix
that had all information about the next meetings. In 1993, after
losing his job at Greyvest, he incorporated the newsletter as his
another business and founded ACC Corp Inc., which at the beginning
was earning from the advertisements. At the same time, Linux was
becoming a hot topic as it was free software and many of the
companies were choosing Linux over Unix. Eventually, Young started
selling Linux software, books and accessories.
Founding
Red Hat
At the same time, Young was
getting requests from the groups that were subscribed to his
newsletter to write more about open source software and Linux. Young,
too, was interested in writing about the same but had no idea about
what an open-source software was.
He was struggling through the
financial crisis, but the Linux based products that he was selling
was the main source of his income. So he became more curious about
finding more resellers for the Linux products. This led him to reach
Marc Ewing, who had set up a little Linux shop in Durham, North
Carolina, named as Red Hat.
The company, unmistakably, got
its name from the same red hat that he used to wear in college. Marc
was working on a Unix project and accidentally, built the first
software under Red Hat, in 1994. The project he was working on was to
run on a Unix system, but since it was too expensive, he developed
the software for Linux.
The evolution of Linux also
made Marc interested in the same, and as Linux was an open source
software, he started working on fixing Linux.
Finally, on 29 July 1994, he
released his first Linux distribution software that was easier to use
version over the GPL version. The software became a hit overnight.
Young started officially
distributing Red Hat’s software, and after discussing with many
Linux experts, Young joined his hands with Ewing to incorporate Acc
with Red Hat, and the two turned the co-founders of Red Hat Inc. with
a partnership of fifty-fifty.
The two was working
passionately for the company, without knowing the real worth of it.
In 1999, the company went public, and for their surprise, the company
achieved the eighth-biggest first-day gain in the history of Wall
Street.
In the same year, Red Hat
acquired Cygnus Solutions, followed by the acquisition of the other
companies including WireSpeed, C2Net and Hell’s Kitchen Systems,
Planning Technologies, Inc., in the later years. In the year 2000,
the company won the “Operating System Product of the Year”
award for Red Hat Linux 6.1. In 2002, Red Hat introduced Red Hat
Linux Advanced Server.
In 2005, Red Hat stock became
part of the NASDAQ-100 and, in 2006, Red Hat stock moved from to
trading on the New York Stock Exchange (RHT).
In 2012, Red Hat became the
first open source software company that entered into the
one-billion-dollar group, and in 2015, it surpassed the
two-billion-dollar milestone. Just in another three years, in 2018,
the company recorded the annual revenue of three-billion-dollar.
On 28 October 2018, IBM announced that it is planning to acquire Red Hat for US$34 billion.
The company headquarter was
moved to Raleigh, North Carolina, U.S. from Durham in 2002. As per
the 2018 records, the company has raised to 12,600 employees.
Bob Young served as Red Hat’s CEO until 1999, and left the company in 2002, to found his print-on-demand, self-publishing company, Lulu.com. Red Hat is one of the fastest growing companies and one of the pioneers in the open-source software industry.
Yashica is a Software Engineer turned Content Writer, who loves to write on social causes and expertise in writing technical stuff. She loves to watch movies and explore new places. She believes that you need to live once before you die. So experimenting with her life and career choices, she is trying to live her life to the fullest.
