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Red Hat Stock Jumps 9% On JBoss Acquisition Announcement

Marc Fleury: "We chose a future in which I am proud to take part"

"We truly believe in the potential of software innovation, once freed from the fetters of proprietary development." Thus spake Matthew Szulik, Chairman and CEO of Red Hat, on behalf of both himself and Marc Fleury (pictured), on the day that Red Hat announced it has entered into a definitive agreement to acquire Fleury's company JBoss.

"We chose a future in which I am proud to take part," wrote Fleury himself, in an exhilarated blog entry announcing the move.

In characteristically frank Fleury style, the blog entry also addressed the whys and the wherefores behind the agreement:

"Why take this step you may ask? When evaluating any major decision that impacts JBoss' future, I ask myself the following question: Which option will increase our chances of delivering on our mission to transform the way “we develop, distribute and support software”?

JBoss, Inc. had many options. I believe this will provide the best future for our community, our customers, our partners, our employees."

Fleury, never one to hold back, cut straight to the chase about the financial repercussions of Red Hat's acquisition, both for stockholding JBoss employees and for investirs such as David Skok and Matrix Partners:
"Our investors and employees get instant-IPO liquidity, an IPO was possible and indeed planned but in this day and age of Sarbanes-Oxley the right M&A provides liquidity and reduces much of the risk.

You have all worked hard and long hours and I am happy that this liquidity is coming your way, you all deserve it."

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Red Hat News Desk trawls the world's news information sources and brings you timely updates on its flagship Red Hat Enterprise Linux as well as the company's other product lines including database, content, and collaboration management applications; server and embedded operating systems; and software - including its most recent virtualization offerings.

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Most Recent Comments
Oracleer 04/10/06 11:47:06 PM EDT

So, does this rule out the potential Oracle interest in JBoss that SYS-CON reported a while back...or does it just mean than Oracle now needs to swallow Red Hat whole, and get JBoss into the bargain?

Has anyone asked Larry Ellison or Charles Phillips outright what their intentions are?

Hervé Kabla 04/10/06 11:42:16 PM EDT

Ce n'est peut-être pas un eBay ou un Google français, mais c'est quand même un joli coup.

Hervé Kabla 04/10/06 11:41:56 PM EDT

Ce n'est peut-être pas un eBay ou un Google français, mais c'est quand même un joli coup.

Le K Blog 04/10/06 10:47:27 PM EDT

C'est une très belle opération pour Marc Fleury, jeune polytechnicien