Red Hat grows revenue 20%+. Google withholding Honeycomb source code. And more.

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# Red Hat reported Q4 revenue up 25% to $245m, FY revenue up 22% to $909m

# Google is withholding the source code to Honeycomb for the foreseeable future.

# Rick Clark explained why he left Rackspace amid concerns that the company is exerting too much control over OpenStack.

# DataStax …

SugarCRM. Funding for EnterpriseDB and Morphlabs. Even more core. And more

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Bittersweet
# OStatic asked whether SugarCRM has violated open source principles.

# Larry Augustin clarified SugarCRM’s approach to open source and openness.

# Savio Rodrigues advised anyone considering SugarCRM not to get hung-up on source code availability.

Funding round
# EnterpriseDB has reportedly raised $7.5m of a …

Alfresco launches Activiti project. Funding for NorthScale and Zend. And more.

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# Alfresco launched the Apache-licensed Activiti BPM project, led by Tom Baeyens and Joram Barrez.

# NorthScale announced $10m in series B funding, led by the Mayfield Fund, and a new CEO.

# Zend Technologies raised $9m led by Greylock Partners with participation its existing investors.

# Stephen Walli joined the CodePlex Foundation as its technical director. …

Marten Mickos joins Eucalyptus. Novell rejects Elliot. Perspectives on OSBC. And more.

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# Mårten Mickos was named CEO of Eucalyptus Systems.

# Novell’s board rejected Elliot’s takeover proposal as inadequate, will review other alternatives.

# North Bridge Venture Partners published the results of its Future of Open Source survey.

# Rob Bearden was appointed executive chairman of the board of Pentaho.

# The Eclipse Foundation …

Elliot offers $2bn for Novell. OSI refutes IIPA’s view on open source. And more.

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# Novell confirmed a $2bn purchase offer from Elliot Associates. Interesting perspectives on Elliot’s offer for Novell from Linuxquestions, Andy Updegrove, and Matt Asay.

# The OSI categorically rejected the …

I had an interesting conversation yesterday with Juanjo Hierro from the Morfeo Project, a Spanish community of open source communities set up to speed up the development of Service Oriented Architectures-related software standards and create business opportunities for local suppliers.

Hierro explained that the Morfeo Project is based on “The Law of Conservation of Attractive Profits”, articulated by Clayton Christensen in his book The Innovator’s Solution:

“When attractive profits disappear at one stage in the value chain because a product becomes modular and commoditized, the opportunity to earn attractive profits with proprietary products will usually emerge at an adjacent stage.”

Christensen’s law has also been used by Tim O’Reilly …