Skip to main content

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.)

Comments

Popular posts from this blog

Get Vyatta Virtual Appliance, now VMware certified!

We all know Vyatta, don't we?

Vyatta, the leader in Linux-based networking, today announced that its open-source networking software has received VMware Virtual Appliance Certification, thereby providing customers with a solution that has been optimized for a production-ready VMware environment. The company also announced it has joined the VMware Technology Alliance Partner (TAP) Program. As a member of TAP, Vyatta will offer its solutions via the TAP program website. With the Vyatta virtual appliance for VMware environments, organizations can now include Vyatta’s router, firewall and VPN functions as part of their virtualized infrastructure.

Vyatta combines enterprise-class routing and security capabilities into an integrated, reliable and commercially supported software solution, delivering twice the performance of proprietary network solutions at half the price. Running Vyatta software as virtual appliances gives customers many more options for scaling their data centers and cons…

3PAR adds native LDAP support to simplify administration

3PAR®, the leading global provider of utility storage, announced today native support for lightweight directory access protocol (LDAP). Support for LDAP enables centralized user authentication and authorization using a standard protocol for managing access to IT resources. With 3PAR’s support for LDAP, customers are able to now integrate 3PAR Utility Storage--a simple, cost-efficient, and massively scalable storage platform—with standard, open enterprise directory services. The result is simplified security administration with centralized access control and identity management.

“3PAR Utility Storage already provides us with a reliable, shared, and easy-to-use consolidated storage platform,” said Burzin Engineer, Vice President of Infrastructure Services at Shopzilla. "Now, with 3PAR support for LDAP, managing security commonly--across all our resources, including storage--is also simple and efficient.”

Press Release

DeepLearningTrucker Part 1