Cloud Computing: Red Hat Completes ManageIQ Acquisition
January 24, 2013
Grazed from TalkinCloud. Author: Chris Talbot.
Red Hat (NYSE: RHT) has completed the acquisition of ManageIQ it announced back in December, intended to add to Red Hat’s growing portfolio of open hybrid cloud products. In particular, Red Hat seemed mostly interested in ManageIQ’s Hybrid Cloud Operations Management Tools.
The open source company announced the acquisition closed in late December—a fairly quick turnaround from definitive agreement to completed acquisition. Now Red Hat can get busy bringing ManageIQ and its people into the fold and preparing to integrate its enterprise cloud management and automation technologies into Red Hat’s hybrid cloud portfolio…
"With the closing of the acquisition, we now begin work to integrate ManageIQ’s enterprise cloud management and automation technologies with our complementary Red Hat CloudForms hybrid infrastructure-as-a-service (IaaS) solution and our open Red Hat Enterprise Virtualization management solution. With this combination, we can offer our customers an unparalleled open hybrid cloud management portfolio," said Bryan Che, general manager of Red Hat’s Cloud Business Unit…
Read more from the source @ http://talkincloud.com/cloud-computing-mergers-and-acquisitions/red-hat-completes-manageiq-acquisition