Red Hat Snaps Up Qumranet in $107 Million Deal

September 5th, 2008

Red Hat on Thursday announced the acquisition of Qumranet, paying about $107 million in cash for the privately held company.Qumranet is a virtualization company that is best known for its KVM (Kernel-based Virtual Machine) platform and SolidICE offering, a virtual desktop infrastructure (VDI). In combination, these two Qumranet products offer a virtualization platform for enterprise customers.

Red Hat will also pick up Qumranet’s talent. The company’s team of professionals that develop, test and support Qumranet solutions, as well as leaders of the open-source community KVM project, will join Red Hat.

“Red Hat customers enjoy highly responsive, flexible and cost-effective IT infrastructures,” said Jim Whitehurst, president and CEO of Red Hat. “This acquisition furthers our capability to widen the gap between open source and proprietary infrastructure software.”

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