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Redhat buys Qumranet, KVM's developer!

“With this acquisition, Red Hat has clearly positioned itself as a competitor within the Virtual Desktop market," said Michael Rose, Research Analyst at IDC. "KVM not only represents a competent platform for hosting virtual desktops and other workloads, but protocols such as SPICE will increase the performance that users can expect to experience from their server-based computing environments, making the platform viable for a larger set of users.”

“Red Hat is a global leader in innovative technologies and has collaborated enthusiastically with us since the very beginning,” said Benny Schnaider, CEO at Qumranet. “I, along with the entire Qumranet team, am pleased to be joining Red Hat to create market-leading virtualization solutions. Qumranet's technologies, when combined with Red Hat's business, product and channel capabilities, will be well-positioned to provide virtualization solutions that really meet customers' business needs – for the server and the desktop. And, equally important, Red Hat's commitment to open source means that our technologies can be shared, improved and enjoyed by the entire open source industry.”

Under the terms of the transaction, Red Hat paid approximately $107 million in cash for Qumranet, a privately held company. The acquisition is not expected to contribute materially to revenue in the fiscal year ending February 28, 2009, but should add up to $20 million in revenue in the following year. Red Hat expects Qumranet operating expenses will be approximately $3.5-4.5 million per quarter before non-cash stock-based compensation expense, amortization expense and other charges resulting from the closing of the acquisition. The transaction is expected to be dilutive to FY09 GAAP earnings by $0.05 to $0.06 per diluted share and to FY09 GAAP cash flow from operations by $0.03-$0.04 per diluted share. UBS Investment Bank acted as the sole strategic advisor to Red Hat in this transaction.

To learn more about this announcement, join Red Hat’s virtualization webcast, which will be broadcast live at 8 a.m. ET on September 4. The webcast will also be available for replay. To join, visit http://phx.corporate-ir.net/phoenix.zhtml?p=irol-eventDetails&c= 67156&eventID=1930459. (Due to the length of this URL, it may be necessary to copy and paste it into your Internet browser's URL address field. You may also need to remove an extra space in the URL if one exists.)

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Avastu Blog is migrating to IdeationCloud.com; 1st Jan 2009 live

YOU DON'T HAVE TO DO ANYTHING. WITHIN 2 SECONDS YOU WILL BE REDIRECTED TO THE NEW HOME OF AVASTU BLOG. PLEASE DO UPDATE AVASTU BLOG'S URL to : http://www.ideationcloud.com on your website.

I will send out emails personally to those who are using my link(s) on their sites.

Thanks much for your co-operation and hope you enjoy the new site and its cool new features :-)




Not like the site is unlive or something..on the contrary, its beginning to get a lot of attention already. Well most of the work is done, you don't have to worry about anything though:

What won't change

Links/Referrals: I will be redirecting the links (all links which you may have cross-posted) to IdeationCloud.com - so you don't have to do anything in all your posts and links. Although, I would urge however that you do change the permalinks, especially on your blogs etc yourselfThis blog is not going away anywhere but within a few months, I will consider discontinuing its usage. I won't obviously do …