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Red Hat Wins Gold at Team Massachusetts Economic Impact Awards

Red Hat, Inc. (NYSE: RHT), the world's leading provider of open source solutions, today announced that it has been named the gold winner for the Northeast region in the 10th annual Team Massachusetts Economic Impact Awards. The awards were given by MassEcon, a non-profit organization dedicated to promoting the Commonwealth of Massachusetts as the premier choice for business growth, and honors businesses throughout the Commonwealth for their impact and contributions in the areas of job growth, facility expansion, investment and community involvement.

Paul Cormier (far right), president, Products and Technologies, Red Hat, accepts the Northeast Gold  ...

Paul Cormier (far right), president, Products and Technologies, Red Hat, accepts the Northeast Gold award from MassEcon Executive Director, Susan Houston, and Chairman, Fred Mulligan, during the 10th annual Team Massachusetts Economic Impact Awards ceremony. Photo courtesy of Janet Stearns.

Red Hat was nominated for the award by members of the 495/MetroWest Partnership in recognition of a recent expansion project that added 100,000 square feet to its existing 75,000-square-foot engineering facility in Westford, Mass., and capacity for an additional 300 employees. Construction of the additional space was completed in 2013.

Winners were recognized across five geographic regions in the Commonwealth by MassEcon during a ceremony on November 26. Addressing attendees at the event, Massachusetts Secretary of Housing and Economic Development, Greg Bialecki, encouraged listeners to recognize and celebrate success and innovation, and continue working together to establish Massachusetts as a global brand.

“MassEcon is proud to honor Red Hat for staying and growing here. This award demonstrates our appreciation for the significant commitment these companies have made throughout the Commonwealth, and this year, in particular, we have seen a resurgence in job growth and investment that deserves recognition,” stated Susan Houston, executive director, MassEcon.

“Red Hat has long had a significant presence in Massachusetts as it has been a strategic and valuable home for our research and development headquarters,” said Paul Cormier, president, Products and Technologies, Red Hat. “Red Hat’s customers include many of the world’s largest enterprises and we rely on our talented associates to keep us at the forefront of technology innovation. Massachusetts has consistently shown us that it has a strong talent pool and deep commitment as a leader in the technology sector, which was a large part of our decision to not only put roots down here, but to grow our product engineering here.”

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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: risks related to delays or reductions in information technology spending; the effects of industry consolidation; the ability of the Company to compete effectively; the integration of acquisitions and the ability to market successfully acquired technologies and products; 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 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 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, the Shadowman logo, JBoss, and OpenShift are registered trademarks of Red Hat, Inc. in the U.S. and other countries. Linux® is a registered trademark of Linus Torvalds and OpenStack is a registered trademark of OpenStack, LLC.

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