Red Hat (NASDAQ:RHAT)
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Red Hat (NASDAQ: RHAT), the world's leading provider of open source
solutions to the enterprise, today announced that Dataquest has
recognized Red Hat as the fastest-growing company in India for 2005-2006
in its Dataquest Top 20 Awards.
The Dataquest Top 20 Awards are the Indian IT industry's oldest
and most prestigious awards. Since 1993, companies have been honored on
the basis of the Dataquest Top 20, an annual survey conducted from April
to June each year. The survey rates IT companies operating in India on
the basis of their financial performance and sales revenues for the
fiscal year in various categories, including PCs, servers, peripherals,
software exports, package software, networking, IT training and IT
distribution.
"I am extremely grateful to our customers and partners who have embraced
Red Hat’s technology and open source
initiatives since our inception in the country," said Nandu Pradhan,
President and Managing Director, Red Hat India. "We believe that the
Dataquest award is a reflection of the commitment and acceptance of Red
Hat technology in the Indian enterprise and across verticals. This
appreciation from customers and the industry combined encourages us to
take our efforts even further."
According to CyberMedia Research, in the past year, Red Hat has
consistently maintained its leadership position in the Linux market and
has gained a market share of over 95 percent in India. This growth
signals not only the increasing acceptance of Linux by Indian
enterprises, but also India’s increasing trust
for the subscription-based software adoption model. Last year,
corporations and SMBs ported many of their mission-critical applications
to the Linux platform. eGovernance and financial services were Red Hat’s
primary growth drivers in India last year. Red Hat also localized Red
Hat Enterprise Linux in five Indian languages: Hindi, Gujarati, Tamil,
Bengali and Punjabi.
Commenting on the exponential growth of Red Hat, Ibrahim Ahmed, Group
Editor at Dataquest, said, "The president’s
20:20 vision requires India to explore and adopt open source. Companies
like Red Hat, who are taking the initiatives to educate and grow the
Linux market, can bring us closer to this vision. We are glad to award a
company like Red Hat that has redefined software usage."
For more information on Red Hat enterprise solutions, please visit http://www.redhat.com.
About Red Hat, Inc.
Red Hat, the world's leading open source solutions provider, is
headquartered in Raleigh, NC with satellite offices spanning the globe.
CIOs and other senior-level IT executives have ranked Red Hat as the
industry's most valued vendor for two consecutive years in the CIO
Insight Magazine Vendor Value study. Red Hat is leading Linux and open
source solutions into the mainstream by making high-quality, low-cost
technology accessible. Red Hat provides an operating system platform,
Red Hat Enterprise Linux, along with applications, management, and
middleware solutions, including JBoss Enterprise Middleware Suite. Red
Hat is accelerating the shift to service-oriented architectures and
enabling the next generation of web-enabled applications running on a
low-cost, secure open source platform. 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 a focus on security and ease of
management. Learn more: http://www.redhat.com
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 integration
of acquisitions; 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; risks related to data and information
security vulnerabilities; ineffective management of, and control over,
the Company's growth and international operations; adverse results in
litigation; the 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, 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.
Red Hat (NASDAQ: RHAT), the world's leading provider of open
source solutions to the enterprise, today announced that Dataquest has
recognized Red Hat as the fastest-growing company in India for
2005-2006 in its Dataquest Top 20 Awards.
The Dataquest Top 20 Awards are the Indian IT industry's oldest
and most prestigious awards. Since 1993, companies have been honored
on the basis of the Dataquest Top 20, an annual survey conducted from
April to June each year. The survey rates IT companies operating in
India on the basis of their financial performance and sales revenues
for the fiscal year in various categories, including PCs, servers,
peripherals, software exports, package software, networking, IT
training and IT distribution.
"I am extremely grateful to our customers and partners who have
embraced Red Hat's technology and open source initiatives since our
inception in the country," said Nandu Pradhan, President and Managing
Director, Red Hat India. "We believe that the Dataquest award is a
reflection of the commitment and acceptance of Red Hat technology in
the Indian enterprise and across verticals. This appreciation from
customers and the industry combined encourages us to take our efforts
even further."
According to CyberMedia Research, in the past year, Red Hat has
consistently maintained its leadership position in the Linux market
and has gained a market share of over 95 percent in India. This growth
signals not only the increasing acceptance of Linux by Indian
enterprises, but also India's increasing trust for the
subscription-based software adoption model. Last year, corporations
and SMBs ported many of their mission-critical applications to the
Linux platform. eGovernance and financial services were Red Hat's
primary growth drivers in India last year. Red Hat also localized Red
Hat Enterprise Linux in five Indian languages: Hindi, Gujarati, Tamil,
Bengali and Punjabi.
Commenting on the exponential growth of Red Hat, Ibrahim Ahmed,
Group Editor at Dataquest, said, "The president's 20:20 vision
requires India to explore and adopt open source. Companies like Red
Hat, who are taking the initiatives to educate and grow the Linux
market, can bring us closer to this vision. We are glad to award a
company like Red Hat that has redefined software usage."
For more information on Red Hat enterprise solutions, please visit
http://www.redhat.com.
About Red Hat, Inc.
Red Hat, the world's leading open source solutions provider, is
headquartered in Raleigh, NC with satellite offices spanning the
globe. CIOs and other senior-level IT executives have ranked Red Hat
as the industry's most valued vendor for two consecutive years in the
CIO Insight Magazine Vendor Value study. Red Hat is leading Linux and
open source solutions into the mainstream by making high-quality,
low-cost technology accessible. Red Hat provides an operating system
platform, Red Hat Enterprise Linux, along with applications,
management, and middleware solutions, including JBoss Enterprise
Middleware Suite. Red Hat is accelerating the shift to
service-oriented architectures and enabling the next generation of
web-enabled applications running on a low-cost, secure open source
platform. 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 a focus on security and ease of management. Learn
more: http://www.redhat.com
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 integration
of acquisitions; 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; risks related to data
and information security vulnerabilities; ineffective management of,
and control over, the Company's growth and international operations;
adverse results in litigation; the 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, 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.