Red Hat Acquires Qumranet

RALEIGH, N.C. -- Red Hat, Inc. (NYSE: RHT), the worlds 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.

This acquisition advances Red Hat's efforts to transform the virtualization market and drive comprehensive virtualization technology and management solutions into every system, from servers to desktops, on both Linux and Windows. Red Hat can now deliver what virtualization-only vendors cannot: a comprehensive solution integrated with the operating system, which can drive down IT costs while simultaneously enhancing the flexibility and responsiveness of IT infrastructure.

This acquisition adds to Red Hat's differentiated and comprehensive solutions portfolio for the virtual enterprise, enhancing the opportunities for customers to improve the productivity and reduce the cost of IT infrastructure. Red Hat's solution components include:

These solutions will leverage the power of the open source innovation model, which permits the delivery of new capabilities faster, more reliably and with greater security and stability. All of the components of these solutions will also be delivered within an open framework to help promote plug-and-play compatibility with customers' existing infrastructure and third-party software.“Red Hat customers enjoy highly responsive, flexible and cost-effective IT infrastructures,” said Jim Whitehurst, President and CEO at Red Hat. “This acquisition furthers our capability to widen the gap between open source and proprietary infrastructure software. Put simply, 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.”

Red Hat Inc.