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Name | Symbol | Market | Type |
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Ericsson | NASDAQ:ERIC | NASDAQ | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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0.05 | 0.97% | 5.20 | 5.20 | 5.25 | 5.27 | 5.20 | 5.23 | 13,615,812 | 21:50:30 |
Red Hat, Inc. (NYSE: RHT), the world's leading provider of open source solutions and Ericsson (NASDAQ: ERIC) share a common belief in the power of open source to transform the ICT (information and communications technology) market. Today, they announce a broad alliance to deliver fully open source and production-ready cloud infrastructure, spanning OpenStack, software-defined networking (SDN) and software-defined infrastructure (SDI). Ericsson and Red Hat are working together to enable customers to embrace the opportunity presented by the Internet of Things (IoT), 5G, and other next-generation communications solutions with modern and agile solutions.
Ericsson is a leading provider of hardware, software and services for the service provider industry and is an industry acknowledged leader in NFV. Red Hat leads the technology industry in offering solutions that are open, scalable, flexible and secure. It is a leader in OpenStack, which has become a go-to platform for telco and enterprise cloud deployments.
The companies have long worked together to bring Red Hat Enterprise Linux and Red Hat JBoss Middleware to Ericsson customers. Today the companies are expanding the collaboration to focus on NFV infrastructure (NFVi), OpenStack, SDN, SDI and containers and help define the next generation of modern technology for the communications industry, including:
Supporting Quotes
Paul Cormier, president, Products and Technologies, Red Hat
“Red Hat believes that the future of the communications industry will be defined by modern architectures and open source solutions spanning the hybrid cloud, containers, software-defined infrastructure and NFV. Ericsson shares that belief, and together we can bring the communications industry into the future with open, more secure and highly scalable solutions that enable customers to transform their businesses and deliver on the promise of IoT, 5G and more.”
Jason Hoffman, head of Product Area Cloud Infrastructure, Ericsson
“The future is open and software defined. Combining Red Hat, the world’s leading open source provider, with Ericsson, the world’s leader in NFV telecom transformation, creates customer speed and choice while enabling customers to confidently embrace open source. Our job is to enable our customers to grow faster in rapidly changing times. This alliance drives exactly this.”
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About Red Hat, Inc.
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 a 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.
About Ericsson
Ericsson is the driving force behind the Networked Society - a world leader in communications technology and services. Our long-term relationships with every major telecom operator in the world allow people, business and society to fulfill their potential and create a more sustainable future.
Our services, software and infrastructure - especially in mobility, broadband and the cloud - are enabling the telecom industry and other sectors to do better business, increase efficiency, improve the user experience and capture new opportunities.
With approximately 115,000 professionals and customers in 180 countries, we combine global scale with technology and services leadership. We support networks that connect more than 2.5 billion subscribers. Forty percent of the world's mobile traffic is carried over Ericsson networks. And our investments in research and development ensure that our solutions - and our customers - stay in front.
Founded in 1876, Ericsson has its headquarters in Stockholm, Sweden. Net sales in 2014 were SEK 228.0 billion (USD 33.1 billion). Ericsson is listed on NASDAQ OMX stock exchange in Stockholm and the NASDAQ in New York.
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Red Hat’s Forward-Looking Statements
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 Red Hat 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 effects of industry consolidation; 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 Red Hat’s 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, Red Hat'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 Red Hat’s 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 Red Hat's views as of the date of this press release and these views could change. However, while Red Hat may elect to update these forward-looking statements at some point in the future, Red Hat specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Red Hat's views as of any date subsequent to the date of this press release.
Red Hat, Red Hat Enterprise Linux, JBoss, Red Hat JBoss Middleware, Red Hat OpenStack Platform and the Shadowman logo are trademarks of Red Hat, Inc., registered in the U.S. and other countries. Linux® is the registered trademark of Linus Torvalds in the U.S. and other countries. The OpenStack mark is either a registered trademark/service mark or trademark/service mark of the OpenStack Foundation, in the United States and other countries, and is used with the OpenStack Foundation's permission. Red Hat is not affiliated with, endorsed or sponsored by the OpenStack Foundation, or the OpenStack community.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161019005425/en/
Red Hat, Inc.Stephanie Wonderlick, +1-571-421-8169swonderl@redhat.comorEricsson Corporate Communications+46 10 719 69 92media.relations@ericsson.com
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