Tags: Linux

Red Hat takes complete control over their Indian unit

U.S. computer software and services firm Red Hat Inc. has confirmed that they have decided to take the complete control over their Indian unit. They would be buying off the remaining 40 percent share from their current partners in this unit for an undisclosed amount of money. Red Hat is the market leaders in the enterprise Linux market and they are now looking towards India as a potential big market.

Red Hat now aims to invest as much as $20 million in India over the next several years and plans to expand their operations in this rapidly growing software market. The news was announced by their Chief Financial Officer Charlie Peters who said in a press conference: “The acquisition and the planned investment will help Red Hat accelerate the growth.”

The company has seen their business in India grow 100 percent annually in the past five years. Now they plan to target the local state governments and educational institutions to expand operations. However, they have not revealed the revenue figures of their operations in the Indian market.

Their current partners in their Indian operations, Javed Tapia said in a statement: “We have succeeded in states like Maharashtra and West Bengal and our engagement with the government is set to go up.” Red Hat has also said that they would be tripling their workforce working in the Indian unit in the near future. They have on their payroll around 140 people working in India.