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Red Hat Signs Agreement to Purchase ManageIQ for $104 Million


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Red Hat, Inc. has entered into a definitive agreement to acquire ManageIQ for $104 million in cash. ManageIQ is a provider of enterprise cloud management and automation solutions that help organizations to deploy and manage private clouds, virtualized infrastructures and virtual desktops. With the addition of ManageIQ technologies to its portfolio, Red Hat says it will expand the reach of its hybrid cloud management solutions for enterprises.

According to Red Hat, ManageIQ’s Hybrid Cloud Operations Management technologies complement its existing cloud and virtualization management tools – Red Hat CloudForms and Red Hat Enterprise Virtualization – by providing integrated lifecycle management of activities such as server and storage provisioning, workload optimization, policy-based compliance, chargeback, virtual machine lifecycle management, discovery and control, and analytics across heterogeneous private clouds and virtualized data centers.

The closing of the transaction is subject to customary closing conditions, including approval by the stockholders of ManageIQ. For more information, go to www.redhat.com.


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