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Red Hat Named Large Technology Company of the Year by North Carolina Technology Association
RaleighUnited States, November 16, 2009
Company Recognized for Growth and Leadership
Red Hat, Inc. (NYSE: RHT), the world's leading provider of open source solutions, today announced it has been named Large Technology Company of the Year by the North Carolina Technology Association (NCTA) in its 2009 NCTA 21 Awards. The criteria for this award include annual revenue of more than $100 million, market leadership, employment growth, innovation and profit margin. Other finalists in the Large Technology Company category included Epic Games, Inc., Microsoft Corporation and Tekelec.
"This year's 21 Awards truly showcase the best technology and innovation that our state has to offer," said Brooks Raiford, president and chief executive officer of NCTA. "We couldn't be more pleased to congratulate Red Hat as a company that is leading North Carolinas technology industry, and we are proud to recognize them as a winner of the Large Technology Company of the Year award."
The NCTA 21 Awards are among North Carolina's most prestigious business awards, celebrating innovation and excellence across the state. This annual showcase honors companies and individuals in 21 categories who represent the best in technology and business. Red Hat has been recognized by NCTA in the past and was named Public Company of the Year in 2008, Large Company of the Year in 2005 and Software Company of the Year in 2000.
"The state of North Carolina and its Triangle region maintain a rich history of innovation in the technology sector," said Tom Rabon, executive vice president, Corporate Affairs for Red Hat. "Red Hat is honored to be recognized by NCTA for its leadership and growth, and we are proud to invest our time and talent into establishing the Triangle region as a leading hub for open source, serving as a catalyst for customers, partners, academic institutions and the technology and business communities of North Carolina."
About Red Hat, Inc.
Red Hat, the world's leading open source solutions provider, is headquartered in Raleigh, NC with over 65 offices spanning the globe. CIOs ranked Red Hat as one of the top vendors delivering value in Enterprise Software for six consecutive years in the CIO Insight Magazine Vendor Value survey. Red Hat provides high-quality, affordable technology with its operating system platform, Red Hat Enterprise Linux, together with virtualization, applications, management and Services Oriented Architecture (SOA) solutions, including Red Hat Enterprise Virtualization and JBoss Enterprise Middleware. Red Hat also offers support, training and consulting services to its customers worldwide. Learn more: http://www.redhat.com.
Certain statements contained in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: risks related to delays or reductions in information technology spending, the integration of acquisitions and the ability to market successfully acquired technologies and products; the ability of the Company to effectively compete; the inability to adequately protect Company intellectual property and the potential for infringement or breach of license claims of or relating to third party intellectual property; the ability to deliver and stimulate demand for new products and technological innovations on a timely basis; risks related to data and information security vulnerabilities; ineffective management of, and control over, the Company's growth and international operations; fluctuations in exchange rates; adverse results in litigation; and changes in and a dependence on key personnel, as well as other factors contained in our most recent Quarterly Report on Form 10-Q (copies of which may be accessed through the Securities and Exchange Commission's website at http://www.sec.gov), including those found therein under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations". In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. 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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