Red Hat to acquire ManageIQ
Acquisition will help Red Hat to expand its hybrid cloud management solutions
Open source solutions provider Red Hat has entered into a definitive agreement to acquire ManageIQ, a leading provider of enterprise cloud management and automation solutions designed to enable organisations to deploy, manage and optimise private clouds, virtualised infrastructures and virtual desktops.
Red Hat says that this acquisition will expand the reach of its hybrid cloud management solutions for enterprises.
"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. 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," said Paul Cormier, president, Products and Technologies, Red Hat.
Red Hat has agreed to acquire ManageIQ, a privately-held company, for approximately $104.0 million in cash. The closing of the transaction is subject to customary closing conditions, including approval by the stockholders of ManageIQ.
ManageIQ has worked closely with Red Hat to provide customers with unified monitoring, management and automation solutions that are quick-to-deploy and easy-to-use, which reduce the cost and complexity of enterprise clouds. ManageIQ's Hybrid Cloud Operations Management technologies complement Red Hat's existing cloud and virtualisation management tools - Red Hat CloudForms and Red Hat Enterprise Virtualisation - by providing integrated lifecycle management of activities such as server and storage provisioning, workload optimisation, policy-based compliance, chargeback, virtual machine lifecycle management, discovery and control, and analytics across heterogeneous private clouds and virtualised datacentres.
"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.