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Red Hat Announces the Second Annual Red Hat Innovation Awards

Awards will recognize creative technical achievements with Red Hat solutions

Raleigh NC – April 1, 2008 – Red Hat (NYSE: RHT), the world’s leading provider of open source solutions, today announced the launch of the second annual Red Hat Innovation Awards, designed to honor the creative use of Red Hat solutions by customers, partners and the community. The Innovation Awards will recognize six category winners and one Innovator of the Year at the Red Hat Summit in Boston, Mass. taking place June 18-20, 2008.

Innovation Award winners will be selected for their original approaches to improving processes, overcoming technology challenges and enhancing their bottom line with Red Hat solutions. The six Innovation Award categories include:

  • Delivered Value: Recognition of the impressive use of management tools, including Red Hat Network and JBoss Operations Network, to drive down TCO and increase ROI.
  • Enhanced Security: Recognition of the effective use of Red Hat solutions to heighten the security of IT systems.
  • Optimized Systems: Recognition of striking performance and scalability enhancements delivered by open source solutions.
  • Superior Alternatives: Recognition of the most successful migration from proprietary solutions to open source alternatives.
  • Extensive Ecosystem: Recognition of the use of Red Hat's expanding partner ecosystem to create innovative architectures based on open source solutions.
  • Creative Use: Recognition of unconventional implementations of emerging technologies such as Fedora or other open source projects to create unique solutions.

Submissions for the Innovation Awards will be accepted until May 9, 2008. Each submission will be evaluated by a panel of judges, including: Lee Congdon, CIO at Red Hat; Sean Michael Kerner, journalist for Internetnews.com; James Staten, Principal Analyst at Forrester Research Group; Matthew Aslett, Analyst, Enterprise Software at The 451 Group; and Michael Simpson, CTO of McKesson Provider Technologies, a 2007 Red Hat Innovation Award winner. The six category winners will be announced in early June. Of these winners, one will be selected as the Red Hat Innovator of the Year through online voting by the community. The announcement of the Innovator of the Year, in addition to recognition for each Innovation Award winner, will take place during an awards ceremony at the Red Hat Summit.

"We continue to see impressive innovations with open source technologies, and specifically Red Hat solutions, from our customers and within the community," said Lee Congdon, CIO at Red Hat. "It will undoubtedly be an exciting experience to serve as a judge for the Red Hat Innovation Awards and I encourage our customers, partners and other Red Hat solution users to submit their creative technology stories and share their successes with open source solutions."

For more information, or to submit a nomination for the Red Hat Innovation Awards, please visit http://www.redhat.com/promo/summit/2008/awards/. For more information on the Red Hat Summit 2008 in Boston, visit www.redhat.com/summit.

About Red Hat, Inc.

Red Hat, the world’s leading open source solutions provider, is headquartered in Raleigh, NC with over 50 satellite 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 study. 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 the JBoss Enterprise Middleware Suite. 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 the 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, 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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