Red Hat (NASDAQ: RHAT), the world's leading provider of open source solutions to the enterprise, today announced that Dataquest has recognized Red Hat as the fastest-growing company in India for 2005-2006 in its Dataquest Top 20 Awards.
The Dataquest Top 20 Awards are the Indian IT industry's oldest and most prestigious awards. Since 1993, companies have been honored on the basis of the Dataquest Top 20, an annual survey conducted from April to June each year. The survey rates IT companies operating in India on the basis of their financial performance and sales revenues for the fiscal year in various categories, including PCs, servers, peripherals, software exports, package software, networking, IT training and IT distribution.
"I am extremely grateful to our customers and partners who have embraced Red Hat's technology and open source initiatives since our inception in the country," said Nandu Pradhan, President and Managing Director, Red Hat India. "We believe that the Dataquest award is a reflection of the commitment and acceptance of Red Hat technology in the Indian enterprise and across verticals. This appreciation from customers and the industry combined encourages us to take our efforts even further."
According to CyberMedia Research, in the past year, Red Hat has consistently maintained its leadership position in the Linux market and has gained a market share of over 95 percent in India. This growth signals not only the increasing acceptance of Linux by Indian enterprises, but also India's increasing trust for the subscription-based software adoption model. Last year, corporations and SMBs ported many of their mission-critical applications to the Linux platform. eGovernance and financial services were Red Hat's primary growth drivers in India last year. Red Hat also localized Red Hat Enterprise Linux in five Indian languages: Hindi, Gujarati, Tamil, Bengali and Punjabi.
Commenting on the exponential growth of Red Hat, Ibrahim Ahmed, Group Editor at Dataquest, said, "The president's 20:20 vision requires India to explore and adopt open source. Companies like Red Hat, who are taking the initiatives to educate and grow the Linux market, can bring us closer to this vision. We are glad to award a company like Red Hat that has redefined software usage."
For more information on Red Hat, please visit 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
Any statements in this press release about future expectations, plans and prospects for the Company, including statements containing the words "believes," "anticipates," "plans," "expects," "will," and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the factors discussed in our most recent Quarterly Report on Form 10-Q filed with the SEC (a copy of which may be accessed through the SEC's website at http://www.sec.gov), 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 and the viability of the Internet. In addition, 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 the press release.
LINUX is a trademark of Linus Torvalds. RED HAT and JBOSS are registered trademarks of Red Hat, Inc. and its subsidiaries in the US and other countries.
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.