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RHT:NYSE – Large Cap Stock (Application Software)

Red Hat Inc – RHT Stock Overview

Last PriceToday's Change52-Week RangeTrading Volume
55.681.42 (+2.62%)41.89 - 61.451.2 million (Above Avg)

Market data as of 4:00PM 07/22/14. Quotes are delayed by at least 15 min.

Press Release

Goodtech Energizes its IT Infrastructure with Red Hat

Business Wire - Monday 06/16/2014 8:00 AM ET

Nordic technology innovator powers its datacenter with Red Hat Storage and Red Hat Enterprise Linux

RALEIGH, N.C.--(BUSINESS WIRE)--Jun. 16, 2014-- Red Hat, Inc. (NYSE: RHT), the world’s leading provider of open source solutions, today announced that Goodtech ASA, a leading Nordic technology and engineering company, has implemented Red Hat Storage and Red Hat Enterprise Linux in its datacenter to address the company’s evolving storage requirements with an open, highly flexible and scalable solution.

Goodtech develops and delivers projects, services and products creating business value for customers within a number of industries and sectors including manufacturing, energy, green technology and infrastructure. Among Goodtech’s customers in the Nordic region are industry leaders such as Astra Zeneca, LKAB, Vattenfall, Statoil and Norsk Hydro.

Prior to the implementation, Goodtech experienced scalability challenges as a result of having a widespread and heterogenous IT environment that featured a range of old and costly storage solutions. With vast data volumes being managed by Goodtech and high demands on accessibility and security, the company was looking for a scalable solution with open standards, based on proven technology and from a renowned vendor. Red Hat Storage met their needs perfectly.

Implementing Red Hat Storage enables Goodtech to lead the way towards the next generation of enterprise storage by using disruptive, open software-defined storage with a high degree of flexibility, scalability and cost-effectiveness. With Red Hat Enterprise Linux, Goodtech receives a platform designed to address the rapid evolution of the modern datacenter enabling Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS) with a high degree of automation. The Red Hat solutions deployment affirms Goodtech’s IT strategy to implement solutions based on open standards with enterprise-level services and support.

Supporting Quote

Anders Hellquist, infrastructure architect, Goodtech

“At Goodtech we take the long view on IT and look beyond traditional solutions. Using proprietary solutions that address immediate needs posed a long-term risk for us in terms of being locked in with a vendor that cannot deliver on tomorrow’s requirements. From this standpoint enterprise-class open source is the smart choice. Red Hat’s reputation and ability to deliver on our long-term needs makes going with Red Hat Storage a natural choice.”

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 reliable and high-performing cloud, Linux, middleware, storage and virtualization technologies. Red Hat also offers award-winning support, training, and consulting services. As the 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: the integration of acquisitions and the ability to market successfully acquired technologies and products; risks related to delays or reductions in information technology spending; the effects of industry consolidation; the ability of the Company to compete effectively; 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; the ability to deliver and stimulate demand for new products and technological innovations on a timely basis; risks related to data and information security vulnerabilities; ineffective management of, and control over, the Company'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 our most recent Annual Report on Form 10-K (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 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.

Source: Red Hat, Inc.

Red Hat, Inc.
Karin Bakis, 978-392-1096
kbakis@redhat.com

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