(BSNS WIRE) Deloitte & Touche Technology Fast 500 Ranks Red Hat One of the Fastest-Growing Technology Companies in North America
(not a bad buy here around $6.00, huh?)
RESEARCH TRIANGLE PARK, N.C.--(BUSINESS WIRE)--Jan. 3, 2000--
Rapid Growth Driven by Tremendous, Global Demand
for Open Source Internet Infrastructure Solutions
Red Hat, Inc. (Nasdaq:RHAT), the leader in developing, deploying
and managing open source Internet infrastructure solutions, today
announced that it ranked Number 193 on the Deloitte & Touche
Technology Fast 500, a ranking of the 500 fastest-growing technology
companies in North America. Rankings are based on five-year percentage
revenue growth from 1995-1999.
"Red Hat's exemplary dedication to achieving significant growth
over the past five years is evidenced by its placement on the Deloitte
& Touche Technology Fast 500, a ranking of the 500 fastest-growing
technology firms in North America," said Mark A. Evans, managing
director of Deloitte & Touche's Technology & Communications Group. "We
salute Red Hat's exceptional accomplishments in today's very
competitive technology marketplace."
"Demand for open source solutions is expanding globally across our
lines of business, enterprise, small and medium sized business, and
equipment manufacturers," said Matthew Szulik, CEO of Red Hat. "This
award validates Red Hat's success in providing a comprehensive line of
Internet infrastructure solutions, ranging from powerful, back-end Web
servers to development tools and the software and services behind a
new generation of Internet-connected devices."
Overall, companies that ranked on the Technology Fast 500 had an
average growth rate of 3956 per cent over the past five years. The
majority of Fast 500 winners, or 46 percent, are in the software
industry. Seventeen percent are in the Internet industry, and nine
percent are in the biotechnology industry. The remaining companies are
in medical, technical and scientific manufacturing at nine percent,
communications at nine percent, computers and peripherals at five
percent and semiconductors, components and electronics at two percent,
with the remaining three percent in other types of technology.
In addition to the Deloitte & Touche Technology Fast 500, Red Hat
ranked Number 10 on the North Carolina Fast 50, which is a ranking of
the 50 fastest-growing technology firms in North Carolina.
Red Hat, Inc.
Red Hat (Nasdaq:RHAT) offers users one single, trusted point of
contact and a common platform for developing, deploying and managing
open source across Internet infrastructure and devices that connect to
the Internet, ranging from small embedded devices to high availability
clusters and integrated Web server/ecommerce OSes. And the Red Hat
Network, Red Hat's unique management technology, helps companies
worldwide easily manage it all by delivering open source products,
service, support and information on-line in real-time.
In addition to the award-winning Red Hat Linux server operating
system, Red Hat offers Stronghold Secure Web Server and Credit Card
Verification Software for secure e-commerce and is the principal
provider of GNU-based developer tools and support solutions for a wide
variety of embedded processors. Red Hat also provides run-time
solutions such as Linux, eCos, uClinux, the award-winning RedBoot,
custom engineering services, support and training to organizations in
all embedded and Linux markets.
Red Hat is headquartered in Research Triangle Park, N.C. and has
offices worldwide. Please visit Red Hat on the Web at www.redhat.com.
For investor inquiries, contact Lippert/Heilshorn at (212) 838-3777. |
