RALEIGH, N.C - —
Red Hat, Inc. (NYSE: RHT), the world's leading provider of open source solutions, today announced that Millennium Global Investments (MGI), a specialist in developing and managing alternative investment products for institutional investors, has selected JBoss Enterprise BRMS (Business Rules Management System) for its mission-critical business rules repository.
London-based MGI wanted to improve the flexibility of its compliance system so that its business and trade rules could be revised and adjusted rapidly within a managed environment. MGI selected JBoss Enterprise BRMS to bring business rules into a managed environment, standardise business rules and support the scalability of the business.
The transparency of the new repository enables MGI business users to gain access to detailed information about why certain rules may prevent trading. This access improves business users' efficiency and reduces the number of queries sent to MGI's IT organisation. The transparent business rules repository is also an essential part of MGI's risk management strategy.
"Red Hat's flexible subscription terms for JBoss Enterprise Middleware allowed us to deploy only the components needed for the new platform and to avoid vendor lock-in. Unlike other vendors, Red Hat offers the ability to support other applications of the rules engine, be it market signal monitoring or algorithmic trading," said Richard Macaskill, managing director, IT & Systems Development, MGI. "We were very pleased with the level of support Red Hat provided during the new business rules repository's development. We are extremely satisfied to have deployed an integrated business rules platform that has improved our efficiency and ability to manage risk."
JBoss Enterprise Business Rules Management System (BRMS) is an open source business rules solution that enables easy business policy and rules development, access, and management. JBoss Enterprise BRMS allows customers to reduce development time to update applications and processes with the latest business rules and policies.
"We are delighted with the positive feedback from MGI on its deployment of JBoss Enterprise BRMS. We are seeing further momentum of JBoss Enterprise BRMS as the enterprise continues to drive innovation through open source middleware," said Pierre Fricke, Director, SOA Products, Red Hat. "Automating business decisions with JBoss Enterprise BRMS can help a business run faster and enable business process stakeholders to rapidly implement change. This is the kind of agility that enterprise deployments demand in today's marketplace."
Visit http://customers.redhat.com/ to learn how other companies are saving money with JBoss Enterprise Middleware. For more information about Red Hat, visit www.redhat.com. For more news, more often, visit www.press.redhat.com.
About Red Hat, Inc.
Red Hat, the world's leading open source solutions provider and a component of the S&P 500, is headquartered in Raleigh, NC with over 65 offices spanning the globe. CIOs ranked Red Hat as one of the top vendors delivering value in Enterprise Software for six consecutive years in the CIO Insight Magazine Vendor Value survey. Red Hat provides high-quality, affordable technology with its operating system platform, Red Hat Enterprise Linux, together with virtualization, applications, management and Services Oriented Architecture (SOA) solutions, including Red Hat Enterprise Virtualization and JBoss Enterprise Middleware. Red Hat also offers support, training and consulting services to its customers worldwide. Learn more: 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 integration of acquisitions and the ability to market successfully acquired technologies and products; the ability of the Company to effectively compete; 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; adverse results in litigation; 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 conditions, and governmental and public policy changes. 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.