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Press release

Red Hat Names Patrick Kerrigan Vice President of Sales for the Americas

Technology Industry Veteran Brings 15 Years Experience in Sales Growth and Exceeding Revenue Goals to Open Source Industry Leader

RALEIGH, N.C.

Red Hat, Inc. (Nasdaq:RHAT), the world's premier open source and Linux provider, today announced the appointment of Patrick Kerrigan as vice president of sales for the Americas. A seasoned sales manager and veteran of the high tech industry, Kerrigan boasts many years of experience in exceeding sales revenue targets for a variety of technology companies. He will draw from his extensive background of executing sales initiatives to promote widespread adoption of Red Hat's recently released enterprise-class product line by companies in North and South America.



 

"Red Hat searched extensively for a candidate with a strong technology background as well as a proven track record of success in consistently meeting and many times surpassing corporate sales goals," said Matthew Szulik, CEO of Red Hat. "The addition of Pat to the Red Hat team is a key component in our strategy this year for enterprise-wide UNIX to Linux migration and accelerated adoption of our new enterprise product."

Most recently, Kerrigan held the title of vice president of sales for Entigo Software, where he helped grow revenues from $8 million to $12 million in less than a year. He also served as vice president of North American sales and operations at Brio Technology for nearly five years, driving sales from $3 million to over $110 million. Prior to this, Kerrigan spent seven years at Sybase, Inc., managing a region that consistently ranked in the top of the nation, exceeding sales goals by 50%. In a five-year period, Kerrigan grew the Southeast region from less than $1 million in revenues to $62 million.

"As the undisputed marker leader, Red Hat is positioned to benefit from the ongoing trend of large enterprises embracing Linux for mission critical applications," said Patrick Kerrigan. "I look forward to implementing and executing an aggressive, profitable sales strategy for the Americas."

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

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.

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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.