Red HatÂ®, Inc. (NASDAQ:RHAT), the leading developer and provider of open source software solutions, announced that Red Hat Linux recently received prestigious awards from three leading industry publications: InternetWeek, Federal Computer Week and Computer Shopper. These distinctions highlight the value, performance and support superiority of the Red Hat Linux operating system.
The awards include:
- InternetWeek's InternetWeek Approved Award, which named Red Hat Linux 'King of the Server Hill' and gave it straight A's for ease of installation, documentation/support and server and workstation functionality. "What truly sets Red Hat apart from the pack is still technical support. No other distributor offers the support options of Red Hat," wrote InternetWeek reviewers in the comparative review. Read the review, "Red Hat Still King of the Linux Server Hill," in its entirety at http://www.internetwk.com/reviews/rev111599-3.htm.
- Federal Computer Week's Government Best Buy, which gave Red Hat Linux 6.0 excellent ratings for its administration, graphical user interface and features. "Red Hat Linux 6.0 is a great all-around choice for any number of enterprise problems," wrote reviewers. Read the full review, "Linux Rallies with Low-cost, Common OS Architecture," at http://www.fcw.com/pubs/fcw/1999/0712/fcw-revlinux-07-12-99.html.
- Computer Shopper's "Top 100 Products of 1999," which noted that Red Hat Linux 6.0 installation tools and graphical interfaces put it at the forefront of the Linux revolution. "Complemented by Red Hat's terrific documentation and superlative service organization, it's deservedly the most popular Linux product on the market." Read the full article, "Red Hat Linux 6.0," at http://www.zdnet.com/computershopper/stories/reviews/0,7171,2390569,00.html
"Once again leading, independent publications have validated Red Hat's powerful open source solutions and support programs for enterprise organizations," said Matthew Szulik, president and CEO of Red Hat. "They illustrate Red Hat's commitment to the highest levels of service to its customers and leadership as the definitive resource for knowledgeable, innovative, mission-critical open source solutions."
In addition, Cygnus Solutions' Code Fusion Integrated Development Environment (IDE) was awarded jointly with Integrated Computer Solutions (ICS) Builder Xcessroy (BX PRO) the 1999 Linux Journal Editor's Choice Award for 'Best New Software Development Application' at the November COMDEX event. "(Code Fusion and BX PRO) provide what is essentially the first Visual C/C++ equivalent for Linux . . . (and) set an example for open source coders," the Linux Journal editors said. Read the full article , "1999 Editor's Choice Award," at http://www2.linuxjournal.com/cgi-bin/frames.pl/index.html. Red Hat plans to acquire Cygnus pursuant to a definitive merger agreement signed by the parties on November 15, 1999.
Open Source Momentum
International Data Corp. (IDC) research states that Linux was the fastest-growing server operating environment in 1998, growing more than 190 percent in that year alone and capturing more than 15.8 percent of the 4.4 million revenue shipment server operating systems market segment. Additionally, IDC states that Red Hat Linux is by far the most popular distribution, preferred by 68.7 percent of U.S. Linux users.
Red Hat's numerous alliances with industry leaders and the demand for Linux-based applications has created open source support from many of the industry's leading software and hardware manufacturers, including CompaqÂ®, Computer Associates, Corel, Dell, Hewlett-Packard, IBM, Intel, Netscape, Novell, OracleÂ® and SAPÂ®.
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.
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
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.