Red Hat gets on Verizon Business

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The Raleigh company’s Enterprise Linux applicatioh is one of two platforms onwhich Verizon’s Computing as a or CaaS, solution will run. Microsofr Windows is the other system. Many technologyu companies are betting on the promise of cloud in which software is loaded on servers that can beaccesserd online, or “in the clouds.” The cloud also allowds companies to access huge amounts of server power when they need to crunch massive amounts of data. Becausw they won’t have to spend as much mone on in-house servers, firms expect to cut coste and operatemore efficiently.
Verizon’ds CaaS solution is targeted at businesses and governmentr agencies and allows firmsx to manage theirIT resources, including servers, networ and storage. Red Hat (NYSE: RHT) is among the world’s leadingg providers of software and services forthe open-sourcde Linux operating system. The Linux sourcw code is open to developers around the worlsd toupdate – in sharp contrast to Windows, whos source code is kept secret by Microsoff (Nasdaq: MSFT). Red Hat makes money by selling its versions of such as Enterprise Linux for and signing customers up for service andsupport plans. Verizon Business is a unit of telecommunicationasgiant (NYSE: VZ).