We are excited to announce that Red Hat has been named to the first-ever Fortune Future 50 list. The newest ranking from Fortune is a forward-looking measure that ranks the 50 U.S.-listed companies Fortune believes to have the best prospects for growth.

In his keynote presentation at the 2017 Red Hat Summit, president and CEO, Jim Whitehurst, shared, “our ability to predict the future is becoming less and less.” The Fortune Future 50 acknowledges that fact and creates a new metric to help predict those companies with the business vitality to succeed and survive in the fast-changing business world.

The Future 50 ranking (developed with The Boston Consulting Group) is based on two factors: a market view of growth potential; and an assessment of the company’s actual capacity to deliver that growth in four areas - strategy, people, technology and investment, and corporate structure.  The results are combined into a composite score that gives a new perspective for business analysis that provides a forward-looking view of business today.

We believe that this recognition speaks volumes, not just about the potential of Red Hat and our technologies, but to the power and impact of open source. Open source is pervasive. We see It as the way of the future. Looking across sectors, open source is the driving force behind much of the technology innovation taking place today. Open source is playing a key role in innovation in containers, automation and cloud computing. And is shaping the future of DevOps, mobile, machine learning and artificial intelligence, big data and IoT.

This year we were also named to Forbes’ Most Innovative Companies list for the fifth time and the Forbes’ Global 2000 list, recognizing the world’s largest public companies. It’s our first time on that list and, to our knowledge, the first time an open source software company has been recognized on it as well.

We’re proud of the work Red Hatters and the broader open source community are doing to deliver incredible innovations that are powering our world and believe that all of this recognition is validation of those efforts.