Red Hat

Red Hat began in 1994 and has become the largest and most recognized company dedicated to OpenSource. The company now has more than 500 employees and 15 locations worldwide. Red Hat is headquartered in Durham, NorthCarolina.

Red Hat is the leader in development, deployment, and management of Linux and open source solutions for Internet infrastructure--ranging from embedded devices to secure Web servers.

Red Hat was founded by visionary entrepreneurs BobYoung and MarcEwing. Opensource is the foundation of their business model. It represents a fundamental shift in how software is created. The code that makes up the software is available to anyone. Developers who use the software are free to improve the software. The result: rapid innovation.

Red Hat solutions combine Red Hat Linux, developer and EmbeddedTechnologies, training, management services, technical support. RedHat delivers this open source innovation to their customers via an Internet platform called RedHatNetwork.

On August 11, 1999, the Company completed its Initial PublicOffering of six million shares of common stock at a price of $14/share on the US NASDAQ. Its stock ticker is RHAT. Its site may be found at http://www.redhat.com