Red Hat Expands Open Hybrid Cloud Solutions Portfolio and Strategy by Closing ManageIQ Acquisition

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Company Hosts Webcast to Provide Cloud Strategy Update and Further Details ManageIQ’s Enterprise Cloud Management and Automation Technologies

Dubai, United Arab Emirates., January 31, 2013 - (PressReleasePoint) - Red Hat, Inc. (NYSE: RHT), the world’s leading provider of open source solutions, today announced updates to its open hybrid cloud solutions portfolio and strategy following the closing of its acquisition of ManageIQ, a leading provider of enterprise cloud management and automation solutions that enable organizations to easily deploy, manage and optimize across private clouds, public clouds and virtualized infrastructures. Red Hat both announced that it had signed a definitive agreement to acquire ManageIQ and completed the acquisition in late Dec. 2012.

“We’ve worked with ManageIQ as a partner to our Red Hat Enterprise Virtualization platform and saw an opportunity to expand our hybrid cloud management capabilities with an even closer relationship with ManageIQ’s compelling portfolio,” said Bryan Che, general manager, Cloud Business Unit at Red Hat. “With the closing of the acquisition, we now begin work to integrate ManageIQ’s enterprise cloud management and automation technologies with our complementary Red Hat CloudForms hybrid Infrastructure-as-a-Service (IaaS) solution and our open Red Hat Enterprise Virtualization management solution. With this combination, we can offer our customers an unparalleled open hybrid cloud management portfolio.”

“As more and more production workloads are deployed across heterogeneous virtual, private cloud and public cloud datacenters, IT buyers are prioritizing investments in management solutions that can automate and optimize end-to-end performance and capacity utilization across these complex environments,” said Mary Johnston Turner, research vice president, Enterprise Systems Management at IDC. “IDC expects spending on cloud systems management software to exceed $3.6 billion by 2016 thanks to demand for these types of sophisticated tools.”

In addition to their technology and solutions portfolios being complementary, Red Hat and ManageIQ also share many joint customers – the majority of ManageIQ’s customers are also Red Hat customers.

According to Chris Russell, IT architect consultant for a leading global provider of banking and payments technologies to thousands of financial institutions that runs a multi-tenant virtual IT infrastructure in three datacenters using ManageIQ technologies, “With ManageIQ EVM, we sought to provide our account teams and their respective customers with granular visibility into the fee-based virtual infrastructure services being consumed by its customers, and also needed operational tools capable of providing insight into resource utilization, trends and available capacity across our multiple datacenters. Even before Red Hat acquired ManageIQ, we were already starting to look closely at the cost benefits of leveraging our Red Hat Enterprise Linux environment with Red Hat Enterprise Virtualization, as well as considering OpenStack options for open cloud implementations. Now with Red Hat and ManageIQ together, we can continue to manage our current virtual estate while looking forward to a compelling open hybrid cloud management portfolio that will result from the combination of these powerful technologies.”

About Red Hat, Inc.
Red Hat is the world's leading provider of open source software solutions, using a community-powered approach to reliable and high-performing cloud, Linux, middleware, storage and virtualization technologies. Red Hat also offers award-winning support, training, and consulting services. As the connective hub in a global network of enterprises, partners, and open source communities, Red Hat helps create relevant, innovative technologies that liberate resources for growth and prepare customers for the future of IT. Learn more at http://www.redhat.com.