ManageIQ's Enterprise Cloud Management and Automation Technologies
Extend the Reach of Red Hat's Open Hybrid Cloud Solutions
RALEIGH, N.C.--(BUSINESS WIRE)--
Red Hat, Inc. (NYSE: RHT), the world's leading provider of open source
solutions, today announced that it has entered into a definitive
agreement to acquire ManageIQ, a leading provider of enterprise cloud
management and automation solutions that enable organizations to deploy,
manage and optimize private clouds, virtualized infrastructures and
virtual desktops. With the addition of ManageIQ technologies to its
portfolio, Red Hat will expand the reach of its hybrid cloud management
solutions for enterprises.
Red Hat has agreed to acquire ManageIQ, a privately-held company, for
approximately $104.0 million in cash. The closing of the transaction is
subject to customary closing conditions, including approval by the
stockholders of ManageIQ.
As an existing member of the Red
Hat Enterprise Virtualization Certified Partner program, ManageIQ
has worked closely with Red Hat to provide customers with unified
monitoring, management and automation solutions that are quick-to-deploy
and easy-to-use, which reduce the cost and complexity of enterprise
clouds. ManageIQ's Hybrid Cloud Operations Management technologies
complement Red Hat's existing cloud and virtualization management tools
— Red
Hat CloudForms and Red
Hat Enterprise Virtualization — by providing integrated lifecycle
management of activities such as server and storage provisioning,
workload optimization, policy-based compliance, chargeback, virtual
machine lifecycle management, discovery and control, and analytics
across heterogeneous private clouds and virtualized datacenters.
With the addition of ManageIQ, Red Hat's open hybrid cloud management
solutions will include:
-
Red Hat CloudForms: a hybrid cloud Infrastructure-as-a-Service
(IaaS) solution that enables the management, brokering and aggregation
of capacity across various virtualization and cloud providers as well
as the management of applications across hybrid clouds.
-
Red Hat Enterprise Virtualization: a comprehensive
virtualization management solution that is an ideal virtualization
substrate for organizations to build cloud environments in terms of
performance, security and value.
-
ManageIQ's Hybrid Cloud Operations Management Tools: a cloud
operations management solution that provides enterprises operational
management tools including monitoring, chargeback, governance and
orchestration across virtual and cloud infrastructure such as Red Hat
Enterprise Virtualization, Amazon Web Services, Microsoft and VMware.
The acquisition is expected to have no material impact to Red Hat's
revenue for its fiscal year ending Feb. 28, 2013. Management expects
that operating expenses (excluding the impact of stock-based
compensation and the amortization of acquisition-related intangible
assets) will increase by approximately $2 million per quarter as a
result of the transaction, and stock-based compensation and amortization
expense will increase by approximately $2 million per quarter.
Supporting Quotes
Paul Cormier, president, Products and Technologies, Red Hat
"Industry and customer response to Red Hat's vision for the open hybrid
cloud has been overwhelmingly positive because it offers the best of
both worlds: the ability to tap into the public cloud when and where it
makes sense, while leveraging existing investments for cloud
infrastructure. For enterprise cloud initiatives, effective cloud
management is critical. ManageIQ offers robust features, including
orchestration, policy, workflow, monitoring and chargeback, that deepen
Red Hat's cloud management capabilities and bring the promise of open
hybrid cloud a step closer for the industry."
Joe Fitzgerald, Chief Product Officer and co-founder, ManageIQ
"We are very excited to be joining Red Hat. Our strong virtual and cloud
management solutions, highly differentiated technology and experienced
team are a perfect fit with Red Hat. We share a common vision of
cost-effective, open and automated deployment and management of
enterprise IT cloud resources."
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.
About ManageIQ
Headquartered in Mahwah, New Jersey, ManageIQ provides comprehensive and
scalable enterprise cloud management solutions, with unified monitoring,
management and automation capabilities that are quick-to-deploy and
easy-to-use, reducing the cost and complexity of managing virtualization
and cloud computing environments.
These solutions, built on our unique Adaptive Management Platform™ are
designed specifically for management and automation of virtualized
infrastructures, desktops and clouds---providing single-pane of glass
visibility, policy-based control and closed-loop automation.
Forward-Looking Statements
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"forward-looking statements" within the meaning of the Private
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various important factors, including: risks related to delays or
reductions in information technology spending; the effects of industry
consolidation; the ability of the Company to compete effectively;
uncertainty and adverse results in litigation and related settlements;
the integration of acquisitions and the ability to market successfully
acquired technologies and products; the inability to adequately protect
Company intellectual property and the potential for infringement or
breach of license claims of or relating to third party intellectual
property; the ability to deliver and stimulate demand for new products
and technological innovations on a timely basis; risks related to data
and information security vulnerabilities; ineffective management of, and
control over, the Company's growth and international operations;
fluctuations in exchange rates; and changes in and a dependence on key
personnel, as well as other factors contained in our most recent
Quarterly Report on Form 10-Q (copies of which may be accessed through
the Securities and Exchange Commission's website at http://www.sec.gov),
including those found therein under the captions "Risk Factors" and
"Management's Discussion and Analysis of Financial Condition and Results
of Operations." In addition to these factors, actual future performance,
outcomes, and results may differ materially because of more general
factors including (without limitation) general industry and market
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governmental and public policy changes and the impact of natural
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of this press release.
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Red Hat, Inc.
Media Contact:
Kerri Catallozzi,
919-754-4268
kcatallo@redhat.com
or
Investor
Relations:
Tom McCallum, 919-754-4630
tmccallum@redhat.com
Source: Red Hat, Inc.
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