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IBM and Red Hat Deliver Analytics Acceleration for Financial Markets

IBM BladeCenter Powered by Cell Broadband Engine(TM) and Red Hat Enterprise Linux Advanced Platform Provides Breakthrough Algorithmic Performance

NEW YORK, NY - 17 Sep 2007: IBM (NYSE: IBM) and Red Hat (NYSE: RHT), the world's leading provider of open source solutions, today announced a new algorithmic trading platform to help financial services firms take advantage of accelerated streaming data, real-time analytics and complex multi-path calculations in real-time trading and risk environments. The new platform is based on the IBM BladeCenter® QS21 powered by Cell Broadband Engine™ (Cell/B.E.) technology running the Red Hat Enterprise Linux Advanced Platform.

IBM (NYSE: IBM) and Red Hat (NYSE: RHT), the world's leading provider of open source solutions, today announced a new algorithmic trading platform to help financial services firms take advantage of accelerated streaming data, real-time analytics and complex multi-path calculations in real-time trading and risk environments. The new platform is based on the IBM BladeCenter® QS21 powered by Cell Broadband Engine™ (Cell/B.E.) technology running the Red Hat Enterprise Linux Advanced Platform.

The IBM BladeCenter® QS21 delivers twice the memory density and I/O throughput as the previous version, enabling financial markets firms to achieve orders of magnitude performance increases in Monte Carlo simulations, streaming analytics and complex multi-path calculations. IBM and Red Hat will demonstrate the new platform at the 2007 High Performance on Wall Street event in New York City on September 17, which includes an option pricing demo running over 10x faster than on previous generation systems and a data streaming demonstration showing FIX message parsing rates of over nine million per second with less than 50 microseconds of latency.

"Financial markets firms are looking for new ways to increase the speed and better manage complex algorithmic trades to stay ahead of the competition and drive more value for their clients," said Thomas Swett, vice president, global financial services sector, IBM. "We have achieved an order of magnitude boost in trading speed and throughput with Cell/B.E. technology on the Red Hat Enterprise Linux Advanced Platform. As a result, our joint clients can now easily integrate the new platform into their existing IT infrastructure as their primary high-velocity trading engine and data analytics backbone."

Red Hat Enterprise Linux Advanced Platform, announced in March 2007, is the world's leading, commercially supported, high-performance, open source operating system. The product has achieved impressive performance and price/performance results. Ongoing feature development is expected to deliver additional performance improvements.

The IBM BladeCenter® QS21 with Cell/B.E. technology is a flexible, high-throughput, low-latency, front-office server platform for financial markets that enables high-speed calculations and streaming data integration to machine-based trading systems. The new blade server is the latest IBM technology designed for the financial services industry complementing IBM WebSphere Front Office software, IBM DB2 data server software and new enterprise stream computing technology from IBM Research.

"Performance and throughput must be evaluated at every level of the trading platform," said Joanne Rohde, executive vice president of Operations and Financial Service at Red Hat. "There can be no bottlenecks from front to back. This integrated hardware, software and data broker solution is designed to maximize speed, with the advantages of cell processing technology, the high-speed reliable operating system and transaction processing handling and through virtualized storage."

For more information or for a demonstration of this new solution, please visit the IBM booth #208 or the Red Hat booth #207 at the 2007 High Performance on Wall Street event in New York City, September 17, 2007.

For additional information on IBM and Red Hat's partnership, please visit http://www.redhat.com/partners/partnerspotlight/ibm/.

About Red Hat, Inc.
Red Hat, the world's leading open source solutions provider, is headquartered in Raleigh, NC with over 50 satellite offices spanning the globe. CIOs have ranked Red Hat first for value in Enterprise Software for three consecutive years in the CIO Insight Magazine Vendor Value study. Red Hat provides high-quality, low-cost technology with its operating system platform, Red Hat Enterprise Linux, together with applications, management and Service Oriented Architecture (SOA) solutions, including the JBoss Enterprise Middleware Suite. Red Hat also offers support, training and consulting services to its customers worldwide. Learn more: http://www.redhat.com.

Forward-Looking Statements
Certain statements contained in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: risks related to the integration of acquisitions; the ability of the Company to effectively compete; the inability to adequately protect Company intellectual property and the potential for infringement or breach of license claims of or relating to third party intellectual property; risks related to data and information security vulnerabilities; ineffective management of, and control over, the Company's growth and international operations; adverse results in litigation; the dependence on key personnel as well as other factors contained in our most recent Quarterly Report on Form 10-Q (copies of which may be accessed through the Securities and Exchange Commission's website at http://www.sec.gov), including those found therein under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations". In addition, the forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release.

Contact(s) information

Sean Tetpon
IBM Media Relations
(914) 474-5508
stetpon@us.ibm.com

Kerri Catallozzi
Red Hat
(919)754-4268
kcatallo@redhat.com

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LINUX is a trademark of Linus Torvalds. RED HAT® and JBOSS® are registered trademarks of Red Hat, Inc. and its subsidiaries in the US and other countries.

Cell Broadband Engine, Cell/B.E., and PLAYSTATION are trademarks of Sony Computer Entertainment in the United States, other countries, or both.

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