November 16, 2006

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CitiStreet hits the road running
with Red Hat

This success story excerpt is reprinted from the Red Hat information center, where you can find case studies featuring a variety of migration and implementations.

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Founded in April 2000 as a joint venture between Citigroup and State Street Corporation, CitiStreet is one of the largest and most experienced global benefits providers. In terms of participants, the company ranks second in its business serving over 11 million participants from corporations, government agencies, multi-employers, and unions. CitiStreet's assets under administration total $200 billion.

Dedicated solely to employee benefit services, CitiStreet has over 17,000 plans for defined contribution, defined benefit, and health and welfare plans. These include retirement recordkeeping and administration, investment services, education programs, and counseling and financial advice. The company employs 2,500 benefits experts.

The acquisition of JBoss by Red Hat will only benefit our future management, development, and deployment.

Through open source software, CitiStreet finally gained control of its Web infrastructure. No longer encumbered by costly software licensing fees, CitiStreet could now expand its online business.