Red Hat has been named as one of Fortune’s Most Admired Companies for 2018.
This is the first time the company has been included on the list and it is ranked fourth within the computer software category.
Red Hat believes the recognition is testament to the growing influence of open source throughout the technology industry and other sectors.
“Open source is the driving force behind much of the technology innovation we see and more industries are realising the power of user participation and collaboration,” said a company spokesman.
“In addition to our business success, our open approach to everything we do and creating a culture of meritocracy, collaboration, transparency, connection and trust, are resonating across many industries.
“We’re honoured to be included on the list and excited to be listed alongside prestigious companies, many of which are customers and partners. Above all, we are proud of the tremendous commitment that our associates show every day to both Red Hat and the open source community, this recognition is a direct result of their efforts.”
Fortune describes the Most Admired Companies list, published since 1983, as ‘the definitive report card on corporate reputations’.