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Red Hat Named Public Company of the Year by North Carolina TechnologyAssociation

^{Published on 2008-11-18 05:55:22 - Market Wire}
 

RALEIGH, N.C.--([ BUSINESS WIRE ])--Red Hat, Inc. (NYSE: RHT), the world's leading provider of open source solutions, today announced it has been awarded Public Company of the Year by the North Carolina Technology Association (NCTA) in its 2008 NCTA 21 Awards. Companies nominated for this award were evaluated based on sustained growth, solid operating results and stock price appreciation. Red Hat was selected from a finalist pool that included Goodrich Corporation, Lenovo and Tekelec.

The NCTA 21 Awards are among North Carolina's most prestigious statewide technology awards, honoring companies and individuals who have characterized excellence, innovation and leadership in the technology industry. This year marked NCTA's 15^th annual awards gala and the competition included an impressive field of North Carolina-based companies across 21 award categories. NCTA is a statewide leadership organization that represents the technology industry and connects business decision makers, educates government officials on issues relevant to the technology industry and provides educational and executive networking events.

"We are extremely honored to be recognized as Public Company of the Year given the many outstanding technology companies located in the region," said DeLisa Alexander, senior vice president, People and Brand for Red Hat. "With our global headquarters located in Raleigh, the state of North Carolina has been a great place for Red Hat to do business in and we continue our commitment to growing and strengthening the state's technology industry."

Red Hat was previously recognized by NCTA in 2005 as Large Company of the Year for its market leadership, employment growth, innovation and profit margin. In 2000, Red Hat won Software Company of the Year in the NCTA 21 Awards for achieving a milestone of measurable success over the previous year including increased revenue, growth and product recognition.

For more news about Red Hat, visit [ www.redhat.com ]. For more news, more often, visit [ www.press.redhat.com ].

About Red Hat, Inc.

Red Hat, the world's leading open source solutions provider, is headquartered in Raleigh, NC with over 65 offices spanning the globe. CIOs have ranked Red Hat first for value in Enterprise Software for four consecutive years in the CIO Insight Magazine Vendor Value survey. Red Hat provides high-quality, affordable technology with its operating system platform, Red Hat Enterprise Linux, together with applications, management and Services Oriented Architecture (SOA) solutions, including JBoss Enterprise Middleware. Red Hat also offers support, training and consulting services to its customers worldwide. 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; 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 conditions, and governmental and public policy changes. 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.

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