Red Hat Recognized as Fastest-Growing Company by Dataquest Top 20 Awards

Red Hat Recognized as Fastest-Growing Company by Dataquest Top 20 Awards

Red Hat (NASDAQ: RHAT), the world’s leading provider of open source solutions to the enterprise, today announced that Dataquest has recognized Red Hat as the fastest-growing company in India for 2005-2006 in its Dataquest Top 20 Awards.

The Dataquest Top 20 Awards are the Indian IT industry’s oldest and most prestigious awards. Since 1993, companies have been honored on the basis of the Dataquest Top 20, an annual survey conducted from April to June each year. The survey rates IT companies operating in India on the basis of their financial performance and sales revenues for the fiscal year in various categories, including PCs, servers, peripherals, software exports, package software, networking, IT training and IT distribution.

“I am extremely grateful to our customers and partners who have embraced Red Hat’s technology and open source initiatives since our inception in the country,” said Nandu Pradhan, President and Managing Director, Red Hat India. “We believe that the Dataquest award is a reflection of the commitment and acceptance of Red Hat technology in the Indian enterprise and across verticals. This appreciation from customers and the industry combined encourages us to take our efforts even further.”

According to CyberMedia Research, in the past year, Red Hat has consistently maintained its leadership position in the Linux market and has gained a market share of over 95 percent in India. This growth signals not only the increasing acceptance of Linux by Indian enterprises, but also India’s increasing trust for the subscription-based software adoption model. Last year, corporations and SMBs ported many of their mission-critical applications to the Linux platform. eGovernance and financial services were Red Hat’s primary growth drivers in India last year. Red Hat also localized Red Hat Enterprise Linux in five Indian languages: Hindi, Gujarati, Tamil, Bengali and Punjabi.

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