Red Hat SummitBeijing, China – September 12, 2013 – Red Hat, Inc. (NYSE: RHT), the world’s leading provider of open source solutions, today announced that Ping An Insurance (Group) Company of China (Ping An), a leading financial conglomerate in China, has selected Red Hat Enterprise Linux to meet its expansion needs, supporting a growing portfolio of products to approximately 80 million customers.
Ping An is China’s first joint stock insurance company and it has developed into an integrated, compact, multi-functional financial services group. The company’s business requirements rapidly evolved from offering only insurance in its earlier days to today’s extended portfolio covering insurance, banking, investments, and other financial services. This expansion led to higher demand on the supporting IT platform and increased need for stability, scalability, agility, and cost efficiency.
Ping An’s goal was to migrate to a more stable and open platform that could better adapt to the various types of applications that run on banking, insurance, and investment securities systems. After carefully considering its requirements and the solutions available in the market, the insurance company chose a solution including industry standard servers running on Red Hat Enterprise Linux.
“Stability is vital for insurance and financial systems. Any business interruption may cause us huge losses. Red Hat Enterprise Linux is recognized for its stability, with a support lifecycle of 10 years,” said Yi Li, deputy chief engineer, Ping An Technology.
Because of the new Red Hat solution, Ping An Technology is able to manage and adapt to growth while enjoying a greatly reduced failure rate. The solution is proven to be very stable; In past several years, Red Hat solution met and exceeded the most demanding internal IT quality and safety standards of Ping An, and the high availability of the solution has resulted in minimal downtime during past years.
In addition to deploying Red Hat Enterprise Linux, the financial conglomerate also turned to Red Hat for training and certifications to equip Ping An’s IT administrators with the skills and expertise needed. By participating in Red Hat Training programs, they were able to quickly understand products, improve work efficiency, and reduce the costs of operation, maintenance, and management.
Red Hat Enterprise Linux runs on industry standard hardware, so Ping An’s overall hardware investment cost has been lowered. There are no additional product upgrade or maintenance fees, which also greatly reduces the overall system cost.
“By using Red Hat Enterprise Linux so extensively on our server infrastructure, the total cost per central processing unit (CPU) has been reduced by more than 60 percent when compared to minicomputer-based infrastructure,” said Li.
For the full case study, visit www.redhat.com/resourcelibrary/case-studies/ping-an-of-china-meets-expansion-needs-with-stable-scalable-red-hat-solutions.
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About Red Hat, Inc.
Red Hat is the world’s leading provider of open source software solutions, taking 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.
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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.
