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SpatialNews Press Release
Red Hat Acquires Planning Technologies, Inc.
Acquisition of Professional Consulting Service Adds to Red Hat's Global
Capabilities For End-to-End Open Source Solutions
February 27, 2001, Red Hat, Inc. (Nasdaq:RHAT), the leader in
developing, deploying and managing open source solutions, announced
today that it has acquired Planning Technologies, Inc., an Atlanta-based
professional consulting service company that specialises in
infrastructure consulting for a wide array of clients, including
enterprise, service providers and government.
Planning Technologies, Inc. has over 200 professional engineers and
consultants. More than 60 percent of the staff has more than 10 years of
technical experience and the company has a proven methodology for
helping customers develop, deploy and manage network architecture. PTI
clients include AT&T, Nationwide Insurance, Home Depot, Delta Airlines,
BellSouth and a variety of government agencies. This acquisition
continues Red Hat's business strategy to offer a complete open source
solution for software, from devices to mainframes, and a full range of
global services with Red Hat Network as the backbone for deployment and
management.
"Customers around the world have been looking to Red Hat as the global
leader in open source solutions to help them develop and deploy open
source throughout their Internet infrastructure,"" said Matthew Szulik,
president and CEO, Red Hat, Inc. ""This acquisition adds to Red Hat''s
complete continuum of open source solutions and delivers customers the
front-end professional consulting services needed to make informed
buying and deployment decisions about their network infrastructure."
"Red Hat has a tremendous vision, expertise and market lead as the
platform for a new generation of Internet and post-PC solutions," said
Jake Sanchez, CEO, Planning Technologies, Inc. ""We are very excited to
be able to leverage Red Hat's unique spectrum of open source solutions
in providing even more comprehensive solutions for our customers."
The acquisition of PTI was made through a stock for stock exchange
valued at $47 million and accounted for as a pooling of interests.
Red Hat (Nasdaq:RHAT) offers users one single, trusted point of contact
and a common plaform for developing, deploying and managing open source
across Internet infrastructure and devices that connect to the Internet,
ranging from small embedded devices to high availability clusters and
integrated Web server/ecommerce OSes. The Red Hat Network, Red Hat's
unique management technology, helps companies worldwide easily manage it
all by delivering open source products, service, support and information
on-line in real-time.
In addition to the award-winning Red Hat Linux server operating system,
Red Hat offers Stronghold Secure Web Server and Credit Card Verification
Software for secure e-commerce and is the principal provider of
GNU-based developer tools and support solutions for a wide variety of
embedded processors. Red Hat also provides run-time solutions such as
Linux, eCos, Red Hat Embedded, the award-winning RedBoot, custom
engineering services, support and training to organisations in all
embedded and Linux markets.
Red Hat is headquartered in Research Triangle Park, N.C. and has offices
worldwide. For investor inquiries, contact Gabriel Szulik at Red Hat,
+1 919-547-0012.
Red Hat Europe was established in July 1999 with its European
headquarters based in Surrey, United Kingdom and offices throughout
Europe. Red Hat Linux is sold and supported through a number of major
distribution and industry partners throughout Europe and from
www.europe.redhat.com/shop
Headquartered in Atlanta, PTI is a rapidly emerging network business
consulting firm that focuses on assisting its clients with the building
of their network infrastructure. PTI's world-class consulting and
engineering practices focus on enterprise clients, both commercial and
government as well as Communications Service Providers. Since its
founding in 1992, PTI has grown to more than 200 employees, including
more than 180 professional engineers and consultants, sixty percent of
whom have more than 10 years of internetworking experience. For more
information about PTI, visit www.planningtech.com
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.
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