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

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

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

Business Wire

RALEIGH, N.C. -- January 22, 2013

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 with successful joint customers 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.”

To learn more about Red Hat’s strategy around the acquisition of ManageIQ and
about Red Hat’s open hybrid cloud management solutions, join Red Hat
executives for a webcast press conference beginning at 11:00 a.m. ET on Jan.
22, 2013. The webcast will also be available for replay. Register to join:
https://vts.inxpo.com/Launch/QReg.htm?ShowKey=12479.

For more information

  *Join the Red Hat webcast press conference.
  *Learn more about ManageIQ’s products.
  *Read Bryan Che’s blog on the ManageIQ acquisition.

Connect with Red Hat

  *Get more Red Hat news or subscribe to the Red Hat news RSS feed
  *Follow Red Hat on Twitter
  *Join Red Hat on Facebook
  *Watch Red Hat videos on YouTube

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.

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Contact:

Red Hat, Inc.
Kerri Catallozzi, 919-754-4268
kcatallo@redhat.com
 
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