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Red Hat | JBoss Red Hat Stock Jumps 9% On JBoss Acquisition Announcement
Marc Fleury: "We chose a future in which I am proud to take part"
Apr. 11, 2006 09:45 AM
"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”?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. Reader Feedback: Page 1 of 1
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