Red Hat Acquires Qumranet
Red Hat, Inc. has completed 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). In addition, Qumranet’s team of testers and developers and members of the open source community KVM project, will join Red Hat.
According to a press statement, Red Hat will now be able to deliver a comprehensive solution integrated with the operating system. The Qumranet acquisition also extends Red Hat’s virtualization solutions for managing Windows desktops.
“This acquisition furthers our capability to widen the gap between open source and proprietary infrastructure software. Qumranet’s KVM and VDI technologies are at the forefront of the next generation of virtualization. They represent an opportunity to raise the bar and meet the market’s demand for virtualization solutions,” said Jim Whitehurst, President and CEO at Red Hat.
“With this acquisition, Red Hat has clearly positioned itself as a competitor within the Virtual Desktop market,” said Michael Rose, research analyst at IDC. “KVM not only represents a competent platform for hosting virtual desktops and other workloads, but protocols such as SPICE will increase the performance that users can expect to experience from their server-based computing environments, making the platform viable for a larger set of users.”
Under the terms of the transaction, Red Hat paid approximately $107 million in cash for Qumranet, a privately held company. The acquisition is not expected to contribute materially to revenue in the fiscal year ending February 28, 2009, but should add up to $20 million in revenue in the following year.
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