[August 26, 2016] |
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Forbes Names Red Hat One of the World's Most Innovative Companies
Red Hat (News - Alert), Inc. (NYSE: RHT), the world's leading provider of open source
solutions, today announced it has been named to Forbes' "World's
Most Innovative Companies" list. Red Hat was ranked as the 25th
most innovative company in the world, marking the company's fourth
appearance on the list (2012, 2014, 2015, 2016). Red Hat was named to Forbes'
"World's Most Innovative Growth Companies" list in 2011.
More than 20 years ago, Red Hat disrupted the enterprise software world
with new models for technology and business innovation. Today, Red Hat
is the global leader in open source software, credited with bringing
open source to the enterprise mainstream and inspiring the continued
evolution of open source, which is driving key innovations across the
technology landscape, from cloud computing and Linux containers, to
mobile, big data, and beyond. In its 2016 predictions, Deutsche Bank
wrote that "open source keeps eating the world," with "open source
rivals for almost every major infrastructure and data management
software market." Red Hat is the only open source software company on Forbes'
2016 list.
According to Forbes, "[t]he World's Most Innovative Companies
list consists of firms that investors feel are most likely to come up
with the next big innovation. Companies are ranked by their innovation
premium: the difference between their market capitalization and the net
present value of cash flows from existing businesses (based on a
proprietary algorithm from Credit Suisse HOLT)."
Supporting Quote
Jim Whitehurst (News - Alert), president and CEO, Red Hat
"It is always an honor to see Red Hat's name on this list. Today, open
source is a default choice for innovation, and more than 90 percent of Fortune
500 companies rely on Red Hat's enterprise open source solutions. This
recognition by Forbes is a tribute to not only Red Hat associates
around the world, but also to the open source communities that are
driving community-powered innovation."
Additional Resources
Connect with Red Hat
About Red Hat, Inc.
Red Hat is the world's leading provider of open source software
solutions, using a community-powered approach to provide 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.
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
the Company 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 integration
of acquisitions and the ability to market successfully acquired
technologies and products; fluctuations in exchange rates; the effects
of industry consolidation; 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;
risks related to data and information security vulnerabilities; the
ability to meet financial and operational challenges encountered in our
international operations; ineffective management of, and control over,
the Company's growth and international operations; 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.
Red Hat and Red Hat Enterprise Linux are trademarks or registered
trademarks of Red Hat, Inc. or its subsidiaries in the U.S. and other
countries. Linux® is the registered trademark of Linus Torvalds in the
U.S. and
View source version on businesswire.com: http://www.businesswire.com/news/home/20160826005646/en/
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