“Can open source enterprise infrastructure (Linux, OpenShift, Ansible) become the default platform layer for hybrid cloud in regulated industries like financial services and government?”
Founded in 1993 as a commercial Linux distributor, Red Hat became the dominant open source enterprise software company before being acquired by IBM in 2019 for $34B. Post-acquisition, Red Hat has positioned itself as IBM's hybrid cloud platform arm, with OpenShift as its flagship container orchestration product. In financial services specifically, Red Hat markets its platform to banks, insurers, and payments processors as the underlying infrastructure for modern financial applications — notably including a dedicated 'modern payments platform' and embedded finance thought-leadership program — though Red Hat itself does not offer financial products to consumers or businesses.
Red Hat processes payments through Adyen.
Red Hat is founded in 1993 and headquartered in Raleigh, North Carolina, USA.
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