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Press release

Veritas and Red Hat Collaborate to Support Requirements for Business Critical Applications on OpenStack

MOUNTAIN VIEW, CALIF.

Veritas, the leader in information management, and Red Hat, Inc. (NYSE: RHT), the world’s leading provider of open source solutions, today announced a collaboration aimed at supporting business critical enterprise applications on OpenStack. Building on their long history of technology collaboration focused on business continuity, storage management and data protection solutions for Red Hat Enterprise Linux and Red Hat Virtualization, the two companies plan to work together to offer predictable quality of service to OpenStack applications and workloads, regardless of scale.

Red Hat OpenStack Platform is a leading production-ready OpenStack distribution for enterprises for their private cloud infrastructure. We are working with Red Hat so that organizations can confidently adopt OpenStack for their most demanding enterprise workloads.

Mike PalmerSenior Vice President, Solutions for Data Insight and Orchestration, Veritas

Red Hat OpenStack Platform is a highly scalable Infrastructure-as-a-Service (IaaS) solution that enhances OpenStack with advanced features needed for cloud environments. It is a co-engineered solution that integrates the proven foundation of Red Hat Enterprise Linux with Red Hat's OpenStack technology to form a stable, high-performing and production-ready cloud environment. Veritas has selected Red Hat OpenStack Platform to build OpenStack solutions that provide a highly predictable quality of service to meet the requirements of business critical workloads with cost-effective direct-attached storage (DAS) using Veritas storage management technologies. Through the collaboration, Veritas aims to bring the ability to execute data protection tasks through integration with backup software without impacting production operations to Red Hat OpenStack Platform environments.

“Red Hat OpenStack Platform is a leading production-ready OpenStack distribution for enterprises for their private cloud infrastructure. We are working with Red Hat so that organizations can confidently adopt OpenStack for their most demanding enterprise workloads,” said Mike Palmer, Senior Vice President, Solutions for Data Insight and Orchestration, Veritas.

OpenStack has quickly gained traction as a cloud platform framework of choice for customers seeking agile, cost-effective and open source solutions. Indeed, the platform has seen increased penetration, with the 2016 OpenStack User Survey indicating production use of OpenStack at 65%, up from 33% two years ago. Yet organizations can still face challenges when it comes to executing their traditional, Mode 1 enterprise workloads on OpenStack due to the high performance and reliability requirements. Effective storage management that offers the necessary quality of service—regardless of scale—is a key part of successfully adopting OpenStack for these enterprise production workloads.

“Red Hat OpenStack Platform is in production across hundreds of customers, spanning multiple verticals. We are delighted to collaborate with Veritas to bring enterprise customers more choice and draw on their long legacy of enterprise storage management, resiliency and data protection to help our customers address the performance and reliability requirements of traditional tier 1 workloads running on Red Hat OpenStack Platform,” commented Radhesh Balakrishnan, General Manager, OpenStack, Red Hat.

“The quality of service or ‘noisy neighbor’ challenge is one of the key issues enterprises face as they look to deploy workloads on OpenStack. Veritas’s ability to address this can give customers the confidence to deploy their mode 1 apps on OpenStack knowing that they can have the performance and resiliency they need,” Scott Sinclair, Senior Analyst, ESG.

About Red Hat

Red Hat is the world's leading provider of open source software solutions, using a community-powered approach to provide 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.

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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 the ability of the Company to compete effectively; the ability to deliver and stimulate demand for new products and technological innovations on a timely basis; delays or reductions in information technology spending; the integration of acquisitions and the ability to market successfully acquired technologies and products; the effects of industry consolidation; 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; 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 Annual Report on Form 10-K (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.