Red Hat, Inc. (NASDAQ:RHAT) announced today the formation of a new non-profit organization, the Red Hat Center for Open Source (RHCOS), that will sponsor, support, promote and engage in a wide range of scientific and educational projects intended to advance the social principles of open source for the greater good of the general public. Led by an impressive group of influential leaders with backgrounds in technology, law, business and research, RHCOS will foster projects that advance the philosophy of open source, through which collaborative intellectual pursuits produce results to be freely shared and enhanced throughout society. Red Hat, Inc. co-founder and Chief Technology Officer Marc Ewing will devote considerable time and effort to the new organization as a Founding Director.
"The open source software movement has been successful because it has provided unprecedented control and quality to users, and at the same time enabled a model for cooperative development of technology that leveraged the expertise of the global community," said Ewing. "The implications of this model when applied outside of software development are enormous, and the benefits to society will be huge. Advancing this global cooperative model for the development of technologies and ideas is what RHCOS is all about."
"We have formed RHCOS because we believe that the philosophy and practice of open development can benefit many other parts of society," said Bob Young, co-founder, CEO and Chairman of Red Hat, Inc. and also a Founding Director of the RHCOS. "Today, much advanced research and intellectual pursuit is funded by private industry for proprietary purposes. The time is right to introduce an approach that will seed new advances and foster innovation for everyone's benefit." In addition to Ewing and Young, the Board of Directors for RHCOS includes well-known innovators and thought leaders. Board members include:
- John Seely Brown, Chief Scientist of Xerox Corporation and Director of its Palo Alto Research Center (PARC). His personal research interests include digital culture, ubiquitous computing, user-centering design and organizational and individual learning. A major focus of Brown's research over the years has been in human learning and the management of radical innovation.
- John Gilmore, entrepreneur and free software pioneer. The architect of the first Sun workstations, Gilmore is a co-founder of Cygnus Solutions, a co-founder of the Electronic Frontier Foundation and a leading advocate for intellectual freedom.
- Lawrence Lessig, Berkman Professor of Law at Harvard Law School. Lessig teaches and writes in the areas of constitutional law, contracts, comparative constitutional law and the law of cyberspace.
- Sim B. Sitkin, PhD, Associate Professor at the Fuqua School of Business, Duke University. Professor Sitkin's teaching interests include managerial effectiveness, organizational behavior, organization design, organizational control and the management of organizational change.
RHCOS will initially be funded with $8 million in a combination of cash and Red Hat common stock donated by Red Hat, Inc. and three founding investors of Red Hat: Young; Ewing; and Frank Batten, Chief Executive Officer of Landmark Communications. Details regarding grant criteria and the application process are currently being determined by the Board of Directors and will be released at a later date.
About the Red Hat Center for Open Source
The Red Hat Center for Open Source is an independent, non-profit organization that works to advance the social principles of open source for the greater good. RHCOS serves as a funding source and incubator for projects developed under the open source philosophy - freely sharing intellectual value for the good of society. Headquartered in Durham, N.C. , RHCOS provides society with a counterbalance to restricted, proprietary practices in technology, research, law, health and sciences. For more information, see http://www.redhat.com/community/rh_center.html or email email@example.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.
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.