Red Hat Recognized as Fastest-Growing Company by Dataquest Top 20 Awards
06 November 2006 - 2:00PM
Business Wire
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.
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