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Red Hat: Born on Wall Street and Here to Stay
April 26, 2006, 12:51 pm |
Red Hat: Born on Wall Street and Here to Stay
By Darryl K. Taft " target=_blank>www.eweek.com/author_bio/0,1908,a="1086,00.asp">
April 24, 2006
Red Hat said that the success of Linux on Wall Street is no fluke and
that use of the open-source operating system and other components will
only continue to grow as more users realize the benefits.
Speaking at the 2006 Linux/Open Source on Wall Street conference here on
April 24, Erich Morisse, manager, vertical marketing strategy, financial
services for Red Hat of Raleigh, N.C., said, "Red Hat's current
offerings were born right here on Wall Street. Financial services is
known for adopting emerging technologies and our products were tested
and proven here."
NEW YORK—Red Hat said that the success of Linux on Wall Street is no
fluke and that use of the open-source operating system and other
components will only continue to grow as more users realize the benefits.
Speaking at the 2006 Linux/Open Source on Wall Street conference here on
April 24, Erich Morisse, manager, vertical marketing strategy, financial
services for Red Hat of Raleigh, N.C., said, "Red Hat's current
offerings were born right here on Wall Street. Financial services is
known for adopting emerging technologies and our products were tested
and proven here."
Indeed, "open source is no longer revolutionary on Wall Street," Morisse
said. "Open source is used in all of the top financial services firms on
Wall Street."
A big part of Linux and open-source software's popularity is that "open
source puts control back into the hands of individuals," Morisse said.
"The economies of scale and risk reductions are passed on to the
customer," he added.
Other reasons why open source works for enterprise customers include
adherence to open standards, and other factors such as value,
innovation, quality, choice and flexibility, Morisse said.
Moreover, Morisse said an operating system "is all well and good, but
you need all the other pieces of the ecosystem" to make it work optimally.
eWEEK.com Special Report: Open Source in the Enterprise
He said Red Hat has a vast array of application vendors and hardware
suppliers supporting the Red Hat Linux distribution.
Besides, "Red Hat itself is called an operating system, but it's
actually a platform," Morisse said. He noted that there are 1,500
different programs that come as part of Red Hat "that makes us a platform."
Red Hat's recent acquisition of JBoss helps to improve that story, as
Red Hat brings the popular JBoss open-source application server into its
fold. However, Morisse said he was not prepared to talk about JBoss at
the event.
Meanwhile, Morisse spent a bit of his time knocking proprietary
operating systems and their vendors.
"Proprietary software vendors have huge fixed costs," he said. "Sun said
it cost them $500 million to produce Solaris10 ... So what happens when
you want to invest for the next version of the platform?"
Morisse said proprietary vendors present an operating system "like a
black box…you have no insight into the way it works. How do you know
it's something you can trust? It increases your testing costs because
you can't get into the guts. With these higher costs in testing, that
black box starts to become a black hole for your resources."
PointerClick here to read about Red Hat's acquisition of JBoss. _Click
here_ to read more.
However, as opposed to the closed nature of proprietary systems, "Red
Hat gives you early access to the technology" through efforts like the
Fedora Project and Red Hat's beta program that enables its customers to
look at the guts of the Red Hat technology."
One Red Hat financial services customer offered his view on the Red Hat
offerings. Jim Johanek, senior vice president of U.S. technology
strategy for Amsterdam-based Euronext NV, said: "In a nutshell,
performance, cost and scalability were the three most important factors
… The technology is 30 times less expensive for the same amount of
performance … We're getting 30 times more bang for our buck in moving
over to Linux."
Meanwhile, one attendant at the conference who would only identify
himself as an IT staffer for a large investment bank, said his company
uses a lot of open-source software and he has had enough of hearing how
Wall Street has adopted open-source technology and is more interested
learning about user experiences now that they have been using open
source for awhile.
"I'm also hoping to see more conferences that enable us to delve more
into the various individual [open-source] projects, like Spring and
Hibernate," he said.
PointerCheck out eWEEK.com's Linux & Open Source Center
for the latest
open-source news, reviews and analysis.
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Regards
Vinay
Mob: 9422113939
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Vinay Yadav vinayRas Infotech
www.vinayras.com Nagpur, India
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Linux Consultant & PHP/MySQL Developer
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