Red Hat buys Manageiq to pave the road for mixed cloud computing

Open source software and cloud management maker Red Hat issued a quarterly financial report in Thursday, showing profits in the third quarter and announcing the acquisition of cloud computing software supplier Manageiq.

In the third quarter of its fiscal year, Red Hat reported a 343600000 dollar rise to 29 billion, up 18% from a year earlier.　Net income in the quarter was $34700000 trillion, up 38200000 dollars from a year earlier. According to its data, in Q3, which ended November 30, revenues were $344 million trillion, up 18% from a year earlier, with growth revenues giving the company a big gift-294 million dollars, up 19% in a year.

Wichs, president and chief executive of Red Hat Company, said revenue growth was due to its good brand effect as a trusted IT service provider and cloud computing technology vendor.

"We will provide a mix of cloud architectures for corporate customers and we are addressing their needs based on a clear roadmap for industry-leading open source technology," Whitehurst said in a statement. At the same time, Red Hat Enterprise Manageiq, cloud management and automation providers paid 10.4 billion of dollars.

Located in Mahwahmanageiq, New Jersey, Red Hat believes that by helping businesses deploy and manage private clouds, virtualization infrastructure and virtual desktops. "Effective cloud management is critical for enterprise cloud computing initiatives." MANAGEIQ offers powerful features including business processes, policies, workflows, monitoring and deductions, deepening the red Hat cloud management capabilities, and allowing the hybrid cloud to go deeper into the industry, "said Paul Cormier, president of Red Hat products and technology."

Brian Van, senior director and general manager of Red Hat Cloud, said in an interview with CRN reporters that Manageiq's technology would expand Red Hat's enterprise-class hybrid cloud management capabilities.

"They have a very strong technology in cloud-based business management, such as business process cloud workloads, monitoring and charging back," says Brian. "Red hat has a very strong portfolio and builds a hybrid cloud strategy for the enterprise."

"Manageiq will bring our portfolio to business management capabilities," he added. Red Hat represents the MANAGEIQ technology that integrates and manages the extended cloud management offerings for mixed cloud and Red Hat Enterprise virtualization management, including several Red Hat cloudforms.

Manageiq is a platform for corporate cloud, which is a full cash transaction with a total value of 104 million dollars. With this acquisition, Red Hat can be a good transition for the enterprise's consolidated server to the private cloud. At the same time, expand their capabilities to introduce MANAGEIQ monitoring and management tools into existing solutions.

(Responsible editor: Schpeppen)