systems integrators worldwide, such as Accenture plc, Atos ES, Computer Sciences Corporation, HPE, IBM, Tata Consultancy Services Limited, Tech Mahindra Limited, and Wipro Limited. Customers The company sells its offerings to enterprises in various industries, including financial services, government, healthcare, retail, telecommunications and transportation. For the year ended February 29, 2016, the U.S. government and its agencies represented in the aggregate approximately 10% of the company’s total revenue. Business Strategy The company’s business strategy is to partner with its customers as they maintain, migrate or modernize existing infrastructure and utilize new architectures. The company implements its business strategy through driving the widespread adoption of its offerings; expanding its portfolio of technology offerings that enable cloud computing; investing in the development of open source technologies and promoting the use of its technologies by software developers worldwide; pursuing strategic acquisitions and alliances; increasing revenue from its existing customer base; increasing revenue by promoting a range of services to help its customers derive additional value; expanding routes to market; and improving its presence in international markets. Seasonality The company’s fourth fiscal quarter (year ended February 2016) has historically been its strongest quarter for billing both new business and renewals. Research and Development The company expended $413.3 million in research and development costs in the year ended February 29, 2016. Intellectual Property The company has registered the ‘Red Hat’ and ‘JBoss’ trademarks and the Red Hat Shadowman logo in countries in North America, South America, Europe, Asia, and Africa, as well as in Australia. Competition With respect to the company’s operating system offerings, its competitor is Microsoft. The company also competes with HPE, IBM, Oracle, and Unisys Corporation. With respect to Linux operating systems, the company’s competitors include Micro Focus International plc, with its SUSE brand of Linux, and Amazon’s and Oracle’s Linux offerings. The company also competes with freely available Linux distributions, such as CentOS, Debian, Fedora, openSUSE, and Ubuntu. With respect to the company’s virtualization offerings, its competitors include Citrix Systems, Inc. (Citrix); Microsoft; Oracle; and VMware. With respect to the company’s middleware offerings, its competitors include IBM, Microsoft, Oracle, and Pivotal Software, Inc. (Pivotal). With respect to the company’s cloud technologies, it competes with companies that provide tools for enterprises to create private clouds, such as Citrix, HPE, Microsoft, Mirantis Inc., Pivotal and VMware; companies that provide PaaS offerings, such as IBM and Pivotal; and companies that provide public clouds and that allow users to consume computing resources as a service without the need to purchase equipment or software, such as Alphabet Inc., Amazon, IBM, Microsoft, and Rackspace. With respect to the company’s mobile offerings, its competitors include IBM; Oracle; salesforce.com, inc.; and SAP AG, as well as more mobile-focused companies, such as Kony, Inc.; Kinvey, Inc.; and AnyPresence, Inc. With respect to the company’s storage offerings, it competes with companies that provide storage products, such as EMC and NetApp, Inc. With respect to the company’s service offerings, the company faces competition in the markets for services related to the development, deployment and integration of enterprise technologies. The company’s competitors in these markets include Accenture plc, HPE, IBM, and Tata Consultancy Services Limited. History The company was founded in 1993. It was incorporated in Connecticut in 1993 as ACC Corp., Inc., which changed its name to Red Hat Software, Inc. The company was reincorporated in Delaware in 1998 and changed its name to Red Hat, Inc. in 1999.
red hat inc (RHT:New York)
100 East Davie Street
Raleigh, NC 27601
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