December 21, 2012 – Red Hat is following through on its plans for more activity in the cloud space with the announced acquisition of New Jersey-based vendor ManageIQ for $104 million in cash.

ManageIQ’s enterprise solutions and technology for cloud monitoring, automation and management are expected to be folded into Red Hat’s virtualization portfolio. In a statement on the proposed deal, Red Hat noted that it anticipated ManageIQ’s Hybrid Cloud Operations Management technology to provide additional lifecycle activities such as storage provisioning, compliance, discovery and workload optimization, specifically to Red Hat’s virtualization management lines CloudForms and Enterprise Virtualization. Red Hat Products and Technologies division President Paul Cormier called management “critical” in the enterprise cloud process, and stated that ManageIQ’s tools are expected to “bring the promise of open hybrid cloud a step closer for the industry.”

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