|By Business Wire||
|January 6, 2014 08:33 AM EST||
Red Hat, Inc. (NYSE: RHT), the world’s leading provider of open source solutions, today announced that Tim Yeaton, former chief executive officer of Black Duck Software and a onetime Red Hat executive, has rejoined Red Hat in the newly-created position of senior vice president, Infrastructure Group. In this capacity, Yeaton will oversee the products and programs that are driving Red Hat’s infrastructure and Infrastructure-as-a-Service (IaaS) business, including the Platform, Virtualization and OpenStack businesses, and Red Hat’s Cloud Management product line. Yeaton joins Red Hat as the company realigns its existing Products and Technologies organization to take advantage of technology convergence – from Linux and OpenStack to middleware and Platform-as-a-Service (PaaS) – and capitalize on growing interest in open hybrid cloud.
In addition to the Infrastructure Group led by Yeaton, Red Hat also today appointed its longtime Middleware general manager, Craig Muzilla, as senior vice president of the company’s newly-formed Applications Platform Group. In his new role, Muzilla will be responsible for Red Hat’s developer-focused products and programs, including Red Hat JBoss Middleware and OpenShift by Red Hat, the company’s PaaS offering. As head of Red Hat’s Middleware business, Muzilla has been instrumental in helping to drive Red Hat's multi-product strategy and diverse portfolio, establish Red Hat as one of the industry's top middleware providers, greatly expand the company's middleware offerings, and increase its presence among developers. Red Hat’s Storage and Big Data team will continue to operate as a separate business, led by Sarangan Rangachari.
Yeaton brings more than 30 years of software and technology management experience to his new role at Red Hat. Under Yeaton’s leadership as its CEO, Black Duck has experienced more than 30 percent annualized year-over-year growth, completed three major acquisitions, created a joint venture in greater China, and built a worldwide operation with a presence in 23 countries. Prior to joining Black Duck, Yeaton was chief marketing officer at EqualLogic until its acquisition by Dell in 2008, and as Dell’s Vice President of the Nashua (N.H.) Design Center, he led the integration of the two companies and managed Dell’s operations in the region.
Prior to EqualLogic, Yeaton spent several years at Red Hat as senior vice president of Worldwide Marketing and general manager of Enterprise Solutions. During his first tenure at Red Hat, Yeaton was instrumental in expanding the company’s business into the developer and middleware markets with acquisitions of JBoss and MetaMatrix, and built go-to-market partnerships with companies including IBM, HP, Dell, Oracle, and several others.
Earlier in his career, Yeaton was president, CEO and director of Avaki Corporation, a venture-backed data management software company acquired by Sybase (now part of SAP). Before Avaki he was senior vice president and general manager of the Server Products Division at Macromedia (now part of Adobe), via its acquisition of Allaire where he served as senior vice president of Products. Tim spent the early part of his career at Compaq and Digital Equipment Corporation, including a role as vice president and general manager of Compaq’s UNIX/Linux and Middleware Software Division, where he drove Compaq’s pre-IPO investment in Red Hat.
In 2009 Yeaton was named one of the Most Influential People in the Open Source Software Industry, in a survey by Mindtouch. In 2010 he was named a COPU Think Tank Advisor, which recognizes the key global thought leaders in open source software. Also in 2010, the Mass. Technology Leadership Council named Yeaton a finalist for CEO of the Year.
Paul Cormier, president, Products and Technologies, Red Hat
“Over the last decade, open source and Linux have moved from a pure commodity play in the enterprise to the defining software development model in the industry. The cloud, and cloud-style computing, would simply not exist as we know them today without Linux and open source. Red Hat is in the unique position of driving many of the significant open source community projects that are driving next-generation enterprise technologies, and also bringing them to market. By realigning our Products and Technologies organization, we’re well-positioned for success in driving these next-gen infrastructure, IaaS, and developer offerings. I’m thrilled to welcome Tim back to Red Hat at this exciting time to lead our Infrastructure Group, and to congratulate Craig as he steps into a new role leading our Applications Platform Group.”
Tim Yeaton, senior vice president, Infrastructure Group, Red Hat
“The IT industry is at its most dramatic architectural inflection point since the advent of client-server computing two decades ago – the emergence of cloud-based computing. Most of the innovation happening in cloud infrastructure, as well as in cloud enablement such as big data, mobility, cloud management, etc., is being catalyzed by open source technologies and community-driven development. Red Hat has an incredible opportunity to lead these shifts in IT, and its open hybrid cloud vision resonates strongly with many enterprise IT customers I’ve worked with over the last five years while at Black Duck. For me, the opportunity to rejoin Red Hat and lead the Group at the core of these industry changes is a once-in-a-lifetime one, and I’m very excited to be back at Red Hat and helping to drive the realization of the open hybrid cloud vision.”
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About Red Hat, Inc.
Red Hat is the world’s leading provider of open source software solutions, taking a community-powered approach to reliable and high-performing cloud, Linux, middleware, storage and virtualization technologies. Red Hat also offers award-winning support, training, and consulting services. As the connective hub in a global network of enterprises, partners, and open source communities, Red Hat helps create relevant, innovative technologies that liberate resources for growth and prepare customers for the future of IT. Learn more at http://www.redhat.com.
Certain statements contained in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: risks related to delays or reductions in information technology spending; the effects of industry consolidation; the ability of the Company to compete effectively; the integration of acquisitions and the ability to market successfully acquired technologies and products; uncertainty and adverse results in litigation and related settlements; the inability to adequately protect Company intellectual property and the potential for infringement or breach of license claims of or relating to third party intellectual property; the ability to deliver and stimulate demand for new products and technological innovations on a timely basis; risks related to data and information security vulnerabilities; ineffective management of, and control over, the Company's growth and international operations; fluctuations in exchange rates; and changes in and a dependence on key personnel, as well as other factors contained in our most recent Annual Report on Form 10-K (copies of which may be accessed through the Securities and Exchange Commission's website at http://www.sec.gov), including those found therein under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations". In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic and political conditions, governmental and public policy changes and the impact of natural disasters such as earthquakes and floods. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of this press release.
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