Recognition highlights commitment to its R&D headquarters in the
Commonwealth
RALEIGH, N.C.--(BUSINESS WIRE)--
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 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.
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Red Hat, Inc.
Daniel Thompson, 978-589-1059
dthompso@redhat.com
Source: Red Hat, Inc.
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