(Raleigh, N.C.) Red Hat, Inc. (NYSE: RHT), the world?s leading provider of open source solutions, today announced the appointment of enterprise software industry veteran Arun Oberoi as executive vice president of global sales and services. Oberoi brings strong go-to-market executive experience ? including global leadership roles with HP and IBM ? to Red Hat, where he will further develop the company?s sales and services strategy. The announcement comes on the heels of Wednesday?s stock nosedive, where Red Hat saw shares falling the most in five months, declining 5.1 percent to $53.43 for the biggest intraday decline since Dec. 21. The dive came after an analyst reported that the company?s billings, a predictor of revenue, ?could lack the explosiveness seen in the fourth quarter.?
?As Red Hat continues to make strategic investments in our business and move into new markets, having seamless integration between sales and services and our technology vision is critical,? said Jim Whitehurst, president and CEO, Red Hat. ?With his outstanding track record of success and his global sales, services and management experience, I am very confident in Arun?s ability to help Red Hat capitalize on our opportunities as we meet our customers? evolving technology and business needs.?
Oberoi has led and repeatedly built rapidly-scaling businesses across a wide spectrum of companies ranging from start-ups and mid-sized companies to multi-billion dollar global organizations. Oberoi comes to Red Hat from Viridity Software, a data center infrastructure management start-up, where he served as president and CEO, doubling new customers every consecutive quarter in 2011, and seeing the company?s flagship product through its recent acquisition by Schneider Electric. Prior to Viridity, Oberoi was CEO of Aveksa, a leading access governance and management software start-up, where he led the company to fast growth and a financing round for further expansion.
In his earlier roles, Oberoi was responsible for leading worldwide sales, services and marketing organizations with a strong focus on cultivating partner ecosystems as a core element of customer value delivery and synergistic market reach. He was executive vice president of worldwide sales and services at Micromuse, a market-leading provider of network and service management solutions. Micromuse was acquired by IBM, where Oberoi led the integration and its continued fast growth and field expansion as vice president within IBM Tivoli.
Before that, Oberoi had an accomplished career at HP, where he held various executive leadership roles, including vice president and general manager of worldwide top 100 corporate accounts and industries, as well as vice president and general manager of worldwide sales and marketing for HP?s software business. As part of HP?s software business, he led the development of a dedicated worldwide sales and marketing organization for the portfolio, which included HP?s OpenView Management software, driving sales growth from initial stages to $1 billion in revenues.
Oberoi earned his Master of Business Administration from Northwestern University?s Kellogg School of Management. He also has a Master of Business Administration from Panjab University Business School in Chandigarh, India, and a Bachelor of Arts, with honors, from India?s Delhi University.
About Red Hat, Inc.
Red Hat, the world?s leading provider of open source solutions and an S&P 500 company, is headquartered in Raleigh, North Carolina, USA, with more than 70 offices spanning the globe. Red Hat provides high-quality, affordable technology with its operating system platform, Red Hat Enterprise Linux, together with cloud, virtualization, management, storage and service-oriented architecture (SOA) solutions, including Red Hat Enterprise Virtualization and JBoss Enterprise Middleware. Red Hat also offers support, training and consulting services to its customers worldwide. Learn more: www.redhat.com.
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