Red Hat Acquires ManageIQ for Enterprise Cloud Management
Red Hat Inc., the commercial open-source software company, announced its acquisition of ManageIQ for approximately $104 million in cash. The transaction is set to close in the first quarter of 2013. ManageIQ is an enterprise cloud management and automation software provider based in New Jersey. ManageIQ's software is said to enable business organizations to deploy and manage private clouds, virtualized infrastructures, and virtual desktops from only one console.