IWBank Streamlines Web Assets With Red Hat and JBoss

Online bank selects JBoss Enterprise Application Platform for web applications

MILAN, ITALY, 10 February 2009 – Red Hat, Inc. (NYSE: RHT), the world’s leading provider of open source solutions, today announced that IWBank, an organization focused on financial services and online banking, has selected JBoss Enterprise Application Platform and the JBoss Operations Network to improve the efficiency of its web-banking applications.

IWBank is committed to providing integrated online financial services that guarantee high efficiency, safety and transparency levels, in addition to offering competitive terms and excellent service to its customers. In late 2008, IWBank decided to extend its collaboration with Red Hat, which provides the bank with open source solutions, by adopting the JBoss Enterprise Application Platform to develop its web applications.

IWBank’s goal was to effectively address growing customer demands to conduct increasingly complex and steadily growing volumes of transactions.

“Application performance, affordability and speed is a real competitive advantage in our business. As such, all our applications are developed in-house by a team of highly skilled professionals. We need to constantly innovate and enhance our services, which led us to evaluate the platforms we use for development and choose JBoss. The JBoss Enterprise Application Platform is the best middleware platform to meet our needs”, said Massimo Pavan, Director ICT and Technologies, IWBank. “JBoss enables us to provide more and more efficient and affordable services, which is crucial in the current economic climate”.

“We’re very pleased to have signed this deal with IWBank”, said Gianni Anguilletti, country sales manager, Red Hat Italy. “It emphasizes two core features of Red Hat and JBoss Enterprise Middleware: first, the high functional value of our technologies, which can fulfill sophisticated and complex needs. Second, the deal with IWBank represents further proof of how Red Hat and JBoss Enterprise solutions are providing valuable support for businesses facing difficult economic conditions”.

IWBank was the first bank to simplify the management of free online bank accounts combined with deposit accounts. It was selected as the Best Online Bank 2008 by Of-Osservatorio Finanziario (a prominent independent institute for bank services monitoring and rating).

For more information about Red Hat and JBoss, please visit, www.redhat.com and www.jboss.com.

About IWBank
IW BANK S.p.A. is part of UBI Banca Group, the fourth largest banking Group in Italy.
Active in the online trading sector since November 1999 as @IMIWEB Sim S.p.A., it has progressively expanded its offer since 2001, after its transformation into a bank, presenting itself as a reference operator in the online financial services sector. Since 23 May 2007, IWBank has been a public company, listed on the Expandi Market of the Italian Stock Exchange “Borsa Italiana”.

About Red Hat, Inc.
Red Hat, the world’s leading open source solutions provider, is headquartered in Raleigh, NC with over 65 offices spanning the globe. CIOs ranked Red Hat as one of the top vendors delivering value in Enterprise Software for five consecutive years in the CIO Insight Magazine Vendor Value survey. Red Hat provides high-quality, affordable technology with its operating system platform, Red Hat Enterprise Linux, together with applications, management and Services Oriented Architecture (SOA) solutions, including JBoss Enterprise Middleware. Red Hat also offers support, training and consulting services to its customers worldwide. Learn more: http://www.redhat.com.

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