Allgemeine Einstellungen für Red Hat

Pressemitteilung

Red Hat to Acquire E-Commerce Software Provider Hell's Kitchen Systems, Inc.

Raleigh, NC

Red Hat®, Inc. (NASDAQ:RHAT), the market leader in open source solutions, announced today that it has signed a definitive agreement to purchase privately-held Hell's Kitchen Systems, Inc. (HKS). Under the terms of the agreement, Red Hat will acquire HKS by issuing up to 398,335 shares of Red Hat common stock to acquire all the outstanding shares of HKS.

The acquisition will bring HKS's e-commerce payment processing softwareâeuro” a critical piece of infrastructure for any company trying to conduct business on the Webâeuro” into the Red Hat solutions family. Enterprises worldwide and HKS' more than 150 Internet Service Provider (ISP), online merchants and financial institution customers will benefit from Red Hat's complete open source software and services portfolio, providing all the software, information and services needed for Internet and enterprise e-business initiatives.

Under the terms of the agreement, Red Hat will issue up to 398,335 shares of Red Hat common stock to acquire all the outstanding shares of HKS. The transaction will be a purchase transaction and is subject to approval by HKS shareholders and other customary closing conditions.

"Red Hat's global reach and brand recognition delivers HKS' e-commerce software to the open source servers running the world's Internet infrastructure," said Matthew Szulik, president and CEO of Red Hat, Inc. "The acquisition of HKS is another key addition to Red Hat's strategy to create a next-generation software company spanning powerful servers, Internet infrastructure and pervasive, post-PC-centric computing platforms."

The acquisition continues the expansion of Red Hat's open source software and services for enterprises migrating their business to the Internet and the next-generation of embedded, post-PC devices. In November, Red Hat announced a definitive agreement to acquire Cygnus Solutions, an open source software technology leader with software development tools and engineering services for a variety of desktops, client/server systems, real-time operating systems (RTOS) and embedded, post-PC centric platforms.

"Enterprises and Internet Service Providers are increasingly turning to Linux for reliable, scalable and flexible Internet solutions," said Larry Weidman, president and CEO of Pittsburgh, PA-based HKS. "Red Hat's wide-reaching partnerships, complete line of open source solutions, technical expertise and vision makes it an ideal match for HKS and other forward-looking companies embracing the next-generation of Internet computing."

In 1999, Red Hat also added worldwide support for top open source Internet software, including the Apache Web Server, Sendmail and Postfix. Red Hat will bundle HKS' credit card verification system software with the Professional Edition of its Red Hat Linux operating system, providing users worldwide with an e-commerce server and services solution for fast-growing e-business initiatives.

Red Hat, Inc. is the market leader in open source solutions, offering a wide-array of consulting, training and support solutions for both its award-winning Red Hat Linux operating systems (OS) software and popular open source applications used by enterprises worldwide. Hell's Kitchen Solutions, Inc. (www.hks.net), based in Pittsburgh, Pa., provides e-commerce software and services to more than 150 Internet Service Providers (ISPs), online merchants and financial institutions nationwide. The combined entity will remain committed to serving the customers of each company.

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. The most trusted name in open source, CIOs and other senior-level IT executives have ranked Red Hat as the industry's most valued vendor for two consecutive years in the CIO Insight Magazine Vendor Value study. 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

There is no default locale or translation available for this content.

Forward-Looking Statements

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.

LINUX is a trademark of Linus Torvalds. RED HAT is a registered trademark of Red Hat, Inc. All other names and trademarks are the property of their respective owners.

Über Red Hat

Red Hat is the world’s leading provider of open source software solutions, using a community-powered approach to reliable and high-performing cloud, Linux, middleware, storage and virtualization technologies. Red Hat also offers award-winning support, training, and consulting services. As the connective hub in a global network of enterprises, partners, and open source communities, Red Hat helps create relevant, innovative technologies that liberate resources for growth and prepare customers for the future of IT. Learn more at http://www.redhat.com.

Auf die Zukunft gerichtete Aussagen

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 effects of industry consolidation; the ability of the Company to compete effectively; the integration of acquisitions and the ability to market successfully acquired technologies and products; uncertainty and adverse results in litigation and related settlements; 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; 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 and political conditions, governmental and public policy changes and the impact of natural disasters such as earthquakes and floods. 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 this press release.