Friday, September 05, 2008

RedHat enters the Virtualization game

RALEIGH, N.C.--(BUSINESS WIRE)--Sept. 4, 2008--Red Hat, Inc. (NYSE: RHT), the world's leading provider of open source solutions, today announced the acquisition of Qumranet, Inc. The acquisition includes Qumranet's virtualization solutions, including its KVM (Kernel Virtual Machine) platform and SolidICE offering, a virtual desktop infrastructure (VDI), which together present a comprehensive virtualization platform for enterprise customers. In addition, Qumranet's talented team of professionals that develop, test and support Qumranet solutions, and its leaders of the open source community KVM project, will join Red Hat.

Read the full press release here. According to industry sources, total value of the deal is $107 million in hard cash.