The company, which is now pulling in $100 million in annual revenue, was the brainchild of Tomas Gorny, a Polish American who has founded and sold multiple high-value companies.
The investment creates an exclusive partnership with Rackley as he further develops cutting-edge technology businesses and leverages his proven history of success creating and growing high-value companies.
"Red Hat on its own has been a high value company and has done a great job with strong growth, is highly profitable and generates cash.
The latest management team has since turned it around, and it is now the highest valued company of its size listed in London.
If Tesla can manage to make the top one, for instance, it'll be among the highest valued companies in the world.
After all, the Thomson company, which owned papers in Canada in London, is one of the few newspaper companies – perhaps, the only one – to have mostly exited the business, reinventing itself, at great profit, as a modern, specialized, high-value, information company.
Speculation abounds in Aberdeen as to whether many of these high-value, specialist companies will migrate to be nearer their remaining operations if North Sea production peters out.
We're thrilled to partner with him on this exciting new venture so that together we can build and grow the next generation of successful, high-value technology companies.
"I think we are not sure where our future is – whether it is more a commodity like duct tape or more like Lego – a high-value brand, cool company, global.
The benefits accrue to shareholders, but also to the workers who possess high-value jobs in companies in which they feel proud.
