FinecoBank Optimises Its IT Infrastructure With Red Hat Solutions


United States, March 11, 2010

Italian Bank Selects Red Hat Enterprise Linux and JBoss Enterprise Middleware to Increase the Performance and Reliability of its IT Infrastructure

Red Hat, Inc. (NYSE: RHT), the world’s leading provider of open source solutions, today announced that FinecoBank, a specialist in online banking and financial services, has selected Red Hat solutions, including Red Hat Enterprise Linux and JBoss Enterprise Middleware, to further improve the efficiency of its web applications and to streamline the provisioning and management of its systems.

With more than 878,000 customers and euro30 billion in collections, FinecoBank is committed to providing integrated online financial services and offering efficient, secure, transparent and high-quality banking solutions. The growing needs of FinecoBank’s customers have led to a steady increase in the number and complexity of daily transactions. The bank has chosen Red Hat Enterprise Linux and JBoss Enterprise Middleware to extend its technology platform and effectively address its growing demand.

“Performance, reliability and fast deployment of applications represent a real competitive advantage to us. Our ten years of experience with open source solutions and the trust we have in this model has driven us to further extend our open source platform in the last few years,” said Luca Martinuz, head of Online Architectures at FinecoBank. “Red Hat Enterprise Linux and JBoss Enterprise Middleware have provided a platform for us to offer even more innovative and efficient services at an affordable price, an offering that is the key to competitive advantage in this difficult economic climate.”

“We’re extremely proud to have Fineco on board as a customer. We see this as a confirmation of the value of the solutions developed, distributed and supported by Red Hat,” said Gianni Anguilletti, country sales manager at Red Hat Italy. “Being chosen by Fineco illustrates the value that we believe Red Hat Enterprise Linux and JBoss Enterprise Middleware offer customers through a combined solution set, enabling customers to build advanced IT infrastructures with increased performance, reliability and ease-of-use, even in complex operational environments.”

FinecoBank is part of Gruppo Unicredit and had more than 25 million stock orders in 2009. Its business model is unique in Italy – based on innovation, specialisation and efficiency. FinecoBank offers the services provided by a traditional bank, in addition to an integrated multi-market platform where customers can choose between real-time trading on worldwide markets, including stocks, bonds, currencies, funds, ETFs and Investment Certificates of the best brands.