Red Hat (News - Alert), Inc., a provider of open source solutions, recently signed an agreement to acquire ManageIQ, a provider of enterprise cloud management and automation solutions. The acquisition will help Red Hat to further expand the portfolio of its hybrid cloud management solutions. As per the reports, the transaction is expected to be worth $104.0 million.
ManageIQ provides cloud management solutions with unified monitoring, management and automation capabilities that are quick-to-deploy and easy-to-use, reducing the cost and complexity of managing virtualization and cloud computing environments. The solutions, built on company’s Adaptive Management Platform, are designed specifically for management and automation of virtualized infrastructures, desktops and clouds---providing single-pane of glass visibility, policy-based control and closed-loop automation.
“Industry and customer response to Red Hat's vision for the open hybrid cloud has been overwhelmingly positive because it offers the best of both worlds: the ability to tap into the public cloud when and where it makes sense, while leveraging existing investments for cloud infrastructure,” said Paul Cormier, president, Products and Technologies, Red Hat, in a statement. “For enterprise cloud initiatives, effective cloud management is critical. ManageIQ offers robust features, including orchestration, policy, workflow, monitoring and chargeback that deepen Red Hat’s cloud management capabilities and bring the promise of open hybrid cloud a step closer for the industry.”
“We are very excited to be joining Red Hat. Our strong virtual and cloud management solutions, highly differentiated technology and experienced team are a perfect fit with Red Hat. We share a common vision of cost-effective, open and automated deployment and management of enterprise IT cloud resources,” said Joe Fitzgerald, chief product officer and co-founder, ManageIQ.
Meanwhile, Red Hat recently announced the availability of Enterprise Virtualization 3.1, supported by HP VirtualSystem VS2, a new converged system reference architecture designed to speed virtualization software deployment while maximizing performance and scale as organizations move to cloud computing.
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