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ed Hat Inc., world’s leading provider of Linux-based open source solutions, has announced that it has landed on Forbes’ World’s Most Innovative Companies list

The company is listed as the 25th most innovative company in the world. This recognition marks Red Hat’s fourth appearance on this list (2012, 2014, 2015, 2015). Back in 2011, the company also found a place on Forbes’ World’s Most Innovative Growth Companies, according to Red Hat.

Red Hat was founded in 1993 with an aim of providing open-source software products for the enterprise. Over the years, in the open source community, Red Hat has become associated to enterprise operating system Red Hat Enterprise Linux, commonly known as RHEL.

Red Hat provides storage, middleware, applications, management products, support, and more. Red Hat is also known to contribute many free software projects. As of the current data, Red Hat is the second largest corporate contributor to Linux kernel.

Interestingly, Red Hat is the only open source software company on Forbes’ World’s Most Innovative Companies list.

Here’s what Red Hat CEO and president Jim Whitehurst has to say about this development:

“It is always an honor to see Red Hat’s name on this list. Today, open source is a default choice for innovation, and more than 90 percent of Fortune 500 companies rely on Red Hat’s enterprise open source solutions. This recognition by Forbes is a tribute to not only Red Hat associates around the world, but also to the open source communities that are driving community-powered innovation.”

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