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Red Hat Expands Board of Directors, Strengthens Development Group with Industry Veterans
DurhamUnited States, October 12, 1999
Kevin Harvey and Walter McCormack to Help Market Leader Red Hat Continue Expansion of its Open Source Products and Services for Enterprises Worldwide
Red HatÂ®, Inc., (NASDAQ: RHAT), a leading developer and provider of open source solutions, today announced that Kevin Harvey, General Partner of Benchmark, has joined the Red Hat Board of Directors and Walter McCormack has joined the company as head of Corporate Development.
Harvey brings more than 15 years of emerging technology company experience and vast knowledge of the computer industry to Red Hat. As a founding partner of Benchmark in 1995, Harvey has been instrumental in helping talented entrepreneurs build major technology enterprises focused on long-term growth. An early evangelist of Open Source development, Harvey also has invested in Collab.Net, developer of sourceXchange, a dynamic marketplace for the funding of Open Source software projects, and holds board seats with leading companies such as Ashford.com (ASFD), Broadbase Software (BBSW) and Critical Path (CPTH).
McCormack joins Red Hat from Goldman Sachs where he was in the High Tech Investment Banking group. McCormack brings a strong background in investing, advisory and financing services to Red Hat. As head of Corporate Development at Red Hat, McCormack is responsible for identifying and executing mergers and acquisitions, strategic partnerships and investment and joint ventures.
"Kevin Harvey and Walter McCormack bring vast experience in emerging technologies and rapidly-growing companies to the Red Hat team," said Matthew Szulik, president, Red Hat, Inc. "Their knowledge and insight will be instrumental in helping Red Hat quickly expand its product and service offerings with strategic partnerships and acquisitions designed to accelerate enterprise adoption of Linux worldwide."
For More Information:
Bryan Scanlon or Dan Ring
Schwartz Communications for Red Hat
Phone: (781) 684-0770
About Red Hat, Inc.
Red Hat, the world's leading open source and Linux provider, is headquartered in Raleigh, NC with satellite offices spanning the globe. Red Hat is leading Linux and open source solutions into the mainstream by making high quality, low cost technology accessible. Red Hat provides operating system software along with middleware, applications and management solutions. Red Hat also offers support, training and consulting services to its customers worldwide and through top-tier partnerships. Red Hat's open source strategy offers customers a long term plan for building infrastructures that are based on and leverage open source technologies with focus on security and ease of management. Learn more: http://www.redhat.comThere is no default locale or translation available for this content.
Forward-looking statements in this press release are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. Investors are cautioned that statements in this press release that are not strictly historical statements, including, without limitation, management's plans and objectives for future operations, and management's assessment of market factors, constitute forward-looking statements which involve risks and uncertainties. These risks and uncertainties include, without limitation, reliance upon strategic relationships, management of growth, the possibility of undetected software errors, the risks of economic downturns generally, and in Red Hat's industry specifically, the risks associated with competition and competitive pricing pressures, the viability of the Internet, and other risks detailed in Red Hat's filings with the Securities and Exchange Commission, copies of which may be accessed through the SEC's Web site at http://www.sec.gov.
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