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CIOs, Senior IT Executives Rank Red Hat Industry's Most Valued Vendor
RaleighUnited States, January 9, 2006
Company Outscores All Vendors in CIO Insight Study for Second Consecutive Year
Red Hat (NASDAQ: RHAT), the world's leading provider of open source to the enterprise, today announced that for the second consecutive year, Ziff Davis' CIO Insight Research Study has named Red Hat the leader in vendor value and overall satisfaction according to US senior-level IT executives surveyed. The study can be viewed in its entirety at http://www.redhat.com/f/pdf/sec/CIO_research5_1205.pdf .
Red Hat topped the list of global vendors with an overall rating of 84.2 percent, indicating the total percentage of respondents that ranked the company's open source solutions as "excellent" or "good." In addition, Red Hat was ranked number one for "meeting expectations for lowering costs" and number one in "meeting ROI expectations." The company's closest competitors, Sun Microsystems and Novell, were ranked 15 and 22 respectively.
CIO Insight's 2005 Vendor Value and Satisfaction study surveyed 884 senior-level US technology executives, asking each respondent to rate their IT vendors as "excellent," "good," "fair" and "poor" on seven key criteria including increasing revenues, lowering business or IT costs, solving business problems and meeting ROI expectations. The study was conducted in conjunction with Equation Research, LLC of Estes Park, Colo.
"At Red Hat, customer feedback is the most important measure of our success," said Joanne Rohde, executive vice president of Worldwide Operations at Red Hat. "For the second consecutive year, CIOs and other high-level IT executives have named Red Hat their most valued IT vendor. The results indicate that customers are finding our broad portfolio of open source technologies and services to be the most compelling and valued in the market."
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.com
Any statements in this press release about future expectations, plans and prospects for the Company, including statements containing the words "believes," "anticipates," "plans," "expects," "will," and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the factors discussed in our most recent Quarterly Report on Form 10-Q filed with the SEC (a copy of which may be accessed through the SEC's website at http://www.sec.gov), 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 and the viability of the Internet. In addition, the forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.
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