MIGRATION TO INCREASE PERFORMANCE AND REDUCE COSTS FOR THE LEADING GLOBAL PROVIDER OF IT SOLUTIONS FOR EXCHANGES, CLEARING HOUSES, BANKS, AND INTERMEDIARIES
Raleigh, NC - May 22, 2006 - Red Hat, Inc. (Nasdaq: RHAT), the world's leading provider of open source solutions to the enterprise, today announced that Atos Euronext Market Solutions (AEMS), the leading global provider of IT solutions for exchanges, clearing houses, banks and intermediaries, will migrate the IT infrastructure of its LIFFE CONNECT(R) trading platform to Red Hat Enterprise Linux. The migration is intended to increase the performance by a factor of 10 and reduce costs by a factor of four.
AEMS will roll out approximately 3,000 gateways running Red Hat Enterprise Linux, managed by the Red Hat Network Satellite Server, for member trading firms operating on its global LIFFE CONNECT platform. LIFFE CONNECT brings futures and options products together on a single platform and is one of the world's most advanced electronic derivatives trading system used on 790 sites in 29 countries.
AEMS decided to move its LIFFE CONNECT trading platform to Red Hat Enterprise Linux after establishing that it could facilitate the next step in performance and cost reduction more effectively than other proprietary software platforms. The migration to a Linux solution was based on the requirement for open and flexible architecture, with higher performance and fully manageable total cost of ownership with no proprietary lock in.
An important component of AEMS' migration to Linux is Red Hat Network, an easy-to-use systems management platform built on open standards. Red Hat Network will allow AEMS to efficiently manage its international network of 3000 LIFFE CONNECT gateways, ensuring that its entire trading infrastructure is constantly supported with the latest software patches and security updates. AEMS will use a pair of resilient Red Hat Network Satellite servers at its primary locations, feeding 18 Red Hat Network Proxy servers in other locations around the world. Each of these will be equipped with update, management and provisioning entitlements. Red Hat Enterprise Linux is running on HP AMD based hardware.
"Linux's open source architecture, combined with the extensive and established levels of support from Red Hat, will allow LIFFE CONNECT to maintain its position as the most sophisticated derivatives trading platform on the market. As the IT solutions provider to some of the world's leading exchanges, manageability and reliability across our entire IT infrastructure is critical to deliver the quality of service that our customers expect. Our migration to Red Hat Enterprise Linux will significantly improve the price performance of our solutions, thereby allowing our customers to reduce their unit costs," said Jean-Marc Bouhelier, CEO, AEMS.
"Financial technology providers such as AEMS are at the forefront of transforming the global financial markets," said Werner Knoblich, vice president of Europe, Middle East, and Africa markets, Red Hat. "The UNIX-to-Linux migration, which AEMS is undertaking with its LIFFE CONNECT, platform is a major endorsement of Red Hat Enterprise Linux, clearly showing that we are able to deliver the reliability, high performance and value essential to running such high profile financial operations."
AEMS anticipates having the majority of gateways in place by the end of 2006.