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Beefing Up Security, Red Hat Buys Key Netscape Assets

RALEIGH - Red Hat is turning to Netscape to improve its security offerings for enterprise networks.

The Raleigh-based Linux development and services firm announced this morning that it is buying "certain assets" of Netscape Security Solutions from America Online. . . .

RALEIGH - Red Hat is turning to Netscape to improve its security offerings for enterprise networks.

The Raleigh-based Linux development and services firm announced this morning that it is buying "certain assets" of Netscape Security Solutions from America Online.

According to a filing with the SEC filed shortly after the press announcement, Red Hat is paying $20.5 million in cash for the Netscape assets. Another $2.5 million is payable next year "contingent on certain future customer orders being placed on or before April 30, 2005," the filing says.

The link for this article located at Rick Smith is no longer available. 

 

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