This acquisition brings together the best-in-class hybrid cloud providers and will enable companies to securely move all business applications to the cloud. Upon closing of the acquisition, Red Hat will join IBM's Hybrid Cloud team as a distinct unit, preserving the independence and neutrality of Red Hat's open source development heritage and commitment, current product portfolio and go-to-market strategy, and unique development culture.
Powered by IBM, Red Hat can dramatically scale and accelerate what we are doing today. The independence IBM has committed to will allow Red Hat to continue building the broad ecosystem that enables customer choice and has been integral to open source's success in the enterprise. We will continue to focus on the success of our customers. We will continue to nurture our relationships with partners. Collaboration, transparency, participation, and meritocracy – these values make us Red Hat and they are not changing. In fact, I hope we will help bring this culture across all of IBM. Together we can.
The largest software transaction in history and it's an open source company. From IBM's first billion dollar investment in open source, to Red Hat's contributions in open source communities and efforts to bring open source into the enterprise, and now, with IBM making a $34 billion investment in Red Hat and the open hybrid cloud - if there was ever any doubt that open source was here to stay, I think this announcement can officially put that argument to rest. And we're just getting started.
This week announced the general availability of Red Hat Enterprise Linux 7.6. The latest version of Red Hat Enterprise Linux 7 brings enhancements designed to address a range of IT challenges, emphasizing security and compliance, management and automation, and Linux container innovations.
The Fedora Project, a Red Hat, Inc. sponsored and community-driven open source collaboration, announced the general availability of Fedora 29, the latest version of the fully open source Fedora operating system. All editions of Fedora 29 are built from a common set of base packages and, as with all new Fedora releases, the packages feature numerous bug fixes and performance tweaks as well as new and enhanced additions.