Red Hat global preferences

Press release

FinecoBank Optimises Its IT Infrastructure With Red Hat Solutions

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

MILAN

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.

About 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.

Forward-looking statements

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.