NEW YORK, NY / ACCESSWIRE / September 27, 2017 / Equifax's shares had a slight close in the green yesterday after the company announced its CEO Richard Smith was retiring and stepping down from his position in the wake of a very serious data breach that has affected over 140 million Americans. Shares of Red Hat also closed in the green after announcing that it has launched Red Hat Enterprise for SAP solutions.
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Red Hat, Inc.
Equifax Inc.'s shares closed up a modest 0.91% on Tuesday with a little over 7.6 million shares traded. The company's CEO has stepped down from the company as it grapples after a massive and disastrous security breach. It was less than a month ago that the credit reporting agency revealed that it had been hacked and that millions of Americans' personal information had been exposed. CEO Richard Smith stepped down yesterday while two other high-ranking executives stepped down before him. Smith was with the company since 2005. While the company is referring to his departure as a retirement, there still needs to be an independent view of the data breach to see if he will receive any annual bonus and retirement-related benefits. Smith stands to walk away with a minimum $18.4 million even if he is found at fault in the review. Paulino do Rego Barros Jr. has been named interim CEO for now. San Francisco and Massachusetts have already sued Equifax for exposing their residents to identify theft. The agency is also facing many class-action lawsuits as well as congressional investigations over the hack.
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Red Hat, Inc.'s shares closed up 4.08% on Tuesday with a new high of $113.73 hit during intra-day trading. The leading provider of open source solutions announced yesterday the launch of Red Hat Enterprise Linux for Sap solutions. The optimized platform provides an easier way for organizations that are looking to integrate or merge their heterogeneous SAP software environments. Vice president and general manager of Platforms Business Unit, Red Hat, Jim Totton, commented, "There is no single technology stack to solve every enterprise IT challenge, and big data analytics is no different; increasingly, we are seeing IT organizations use multiple SAP solutions to tackle the complex challenges of their evolving markets. With Red Hat Enterprise Linux for SAP Solutions, we’re now able to provide a single, supported and open platform upon which enterprises can standardize their SAP deployments, all backed by Red Hat’s vast expertise in delivering enterprise-grade operating systems."
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