Linux-based open source solutions provider Red Hat has been named in Forbes "World's Most Innovative Companies" list, the company said on Tuesday.
Red Hat was ranked as the 25th most innovative company in the world.
The 'World's Most Innovative Companies' list has firms that investors feel are most likely to come up with the next big innovation.
"This recognition by Forbes is a tribute to not only Red Hat associates around the world, but also to the open source communities that are driving community-powered innovation," said Jim Whitehurst, President and CEO, Red Hat.
Red Hat is credited with bringing open source to the enterprise mainstream and inspiring the evolution of open source which is driving key innovations across technology -- from Cloud computing and Linux containers to mobiles, big data and beyond.