October 4, 2025 Red Hat, Inc. (Nasdaq:RHAT), the leader in developing, deploying and managing open source Internet infrastructure solutions, announced today the
appointment of Kevin Thompson to the position of Vice President of
Operations. Thompson formerly served as a partner in the Global
Technology Industry Group of PricewaterhouseCoopers LLP, where he
directed stock offerings and oversaw mergers and acquisitions at public
and private technology companies.
``Kevin's global experience in assisting rapidly growing companies is a
strong plus for Red Hat, '' said Matthew Szulik, CEO of Red Hat.
Prior to his position at PricewaterhouseCoopers, Thompson served as a
senior manager for Arthur Andersen LLP for 10 years, overseeing public
offerings and directing projects for multi-national companies in North
America, Latin American and Southeast Asia. Thompson is a Certified
Public Accountant, holds a bachelor of science degree in business
administration with highest honors from the University of Oklahoma.
``I am excited about the opportunity to help Red Hat achieve its
tremendous potential by bringing to Red Hat the unique bled of
operational and financial knowledge and experience I have gained in
working with high-growth and multi-national companies,'' said Thompson.
Open Source Momentum
International Data Corp. (IDC) research states that paid Linux shipments
grew faster than any other server operating system over the past two
years, and their preliminary figures for 1999 show Linux shipments hold
24.6 percent of the server operating system market, up from 15.8 in
1998. IDC also states that Red Hat holds 50.2 percent of Linux vendor
market share and that Red Hat Linux is by far the most popular
distribution, preferred by 68.7 percent of U.S. Linux users.
Research firm Netcraft, Inc. (www.netcraft.com), states that as of May
2000, 30 percent of all public Web sites run on Linux-based operating
systems, making Linux the most popular choice for deploying public Web
sites. IDC research shows 40 percent of all spending on Linux servers is
for Internet related applications, firmly entrenching Linux servers in
the Internet infrastructure.
Finally, IDC predicts that by 2002, there will be more than 55 million
handheld and notebook-style information appliance devices and that by
2005, shipments of these appliances will exceed shipments of PCs.
Red Hat's numerous alliances with industry leaders and the demand for
Linux-based applications has created open source support from many of
the industry's leading software and hardware manufacturers, including
Dell, Compaq, Computer Associates, Hewlett-Packard, IBM, Intel,
Netscape, Novell, Oracle and SAP.
Red Hat, Inc.
Founded in 1994, Red Hat (Nasdaq:RHAT), is the leader in development,
deployment and management of Linux and open source solutions for
Internet infrastructure ranging from small embedded devices to high
availability clusters and secure Web servers. In addition to the
award-winning Red Hat Linux server operating system, Red Hat is the
principle provider of GNU-based developer tools and support solutions
for a wide variety of embedded processors. Red Hat provides run-time
solutions, developer tools, Linux kernel expertise and offers support
and engineering services to organizations in all embedded and Linux
markets.
Red Hat applies its technological leadership to create open source
solutions for all points on the Internet and in pervasive computing
environments, offers services backed by the best understanding of open
source and the most comprehensive resources, and delivers the brand of a
widely trusted open source leader and corporate partner. Red Hat offers
users one single, trusted point of contact and a common platform for
developing, deploying and managing open source across the Internet and
devices that connect to the Internet.
Red Hat is based in Research Triangle Park, N.C. and has offices
worldwide. Please visit Red Hat on the Web at www.redhat.com. For
investor inquiries, contact Lippert/Heilshorn at (212) 838-3777.
# # #
LINUX is a trademark of Linus Torvalds. RED HAT is a registered
trademark of Red Hat, Inc. All other names and trademarks are the
property of their respective owners.
FORWARD-LOOKING STATEMENTS
Forward-looking statements in this press release are made pursuant to
the safe harbor provisions of Section 21E of the Securities Exchange Act
of 1934. Investors are cautioned that statements in this press release
that are not strictly historical statements, including, without
limitation, management's plans and objectives for future operations and
management's assessment of market factors, constitute forward-looking
statements which involve risks and uncertainties. These risks and
uncertainties include, without limitation, product plans and
performance, the ability to continue to develop the Linux kernel and
other software, reliance upon strategic relationships, Red Hat's
dependence upon an open source business model, reliance upon independent
third-party Linux developers, management of growth, expansion of Red
Hat's business focus and operations, the possibility of undetected
software errors, the enforceability of the GNU General Public License
and other licenses under which Red Hat's products are developed and
licensed, the scarcity of Linux-based applications, the risks of
economic downturns generally, and in Red Hat's industry specifically,
the risks associated with competition and competitive pricing pressures,
the viability of the Internet, and other risks detailed in Red Hat's
filings with the Securities and Exchange Commission, copies of which may
be accessed through the SEC's
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