Red Hat, Inc. (Nasdaq:RHAT), the leader in developing, deploying and managing open source Internet infrastructure, today announced that it received several prestigious awards from leading industry publications in the year 2001. These distinguished awards and high accolades highlight the continued growth of the Red Hat product line to provide customers the most complete open source solution on the market.
Most recently, Red Hat was named to the Deloitte & Touche "Technology Fast 500" roster of top tech companies that rally behind innovation, break down obstacles and systematically defy the odds. Red Hat was ranked number 140 out of 500 companies, jumping 53 places from last year's listing at number 193. In addition, Deloitte & Touche named Red Hat to their "Regional Fast 50" listing for North Carolina. Red Hat vaulted seven places from the 2000 nomination, and is ranked at number three for the region. The "Technology Fast 50" is a listing of the 50 fastest growing technology companies in a given geographic area based on five-year percentage growth.
In addition, Red Hat open source solutions overwhelmed the competition in several industry publications and events. These include:
- Being a finalist in the 17th Annual Software & Information Industry Association Codie Awards. Red Hat Embedded Linux Developer Suite was chosen from more than 22 nominees as one of the best software development products.
- Being named one of the "10 Hottest Certifications in IT" by CertCities for the Red Hat Certified Engineers (RHCE) training courses.
- The 2001 "Best Productivity Application" for Red Hat Database at LinuxWorld Expo.
- The 2001 Network World "Readers' Choice Award for Best Distribution." Red Hat Linux received 69 percent of the votes from readership, far outdistancing the competition.
- The 2001 C/Net "Editor's Choice Award for Best Distribution." This award was determined from a comparative review of top Linux distributions.
- The 2001 PC Magazine "Editor's Choice Award for Best Distribution." Much like the C/Net award, this award was determined by a comparative review of six popular Linux distributions.
- The 2001 Linux Magazine "Editor's Choice Award for Best Distribution."
- The 2001 Linux Journal "Readers' Choice Award for Best Distribution." Repeating their win from last year, Red Hat received 30 percent of the votes from the readership.
"These awards validate Red Hat's leadership position in open source Internet infrastructure computing," said Matthew Szulik, president and CEO of Red Hat, Inc. "The real winners here are Red Hat's dedicated customers. We will continue to broaden our product offerings to meet customer demand for high value, low cost solutions with the most comprehensive solutions the open source industry has to offer."
Red Hat was also named a "Company to Watch in 2002" by Intelligent Enterprise Magazine in the Infrastructure category. This prestigious award is given to 12 companies in each of four categories (Infrastructure, Intelligence, Collaboration and Integration).
To learn more about the complete end-to-end open source solutions from Red Hat, please see http://www.redhat.com.
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 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.
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.
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.