Just four days after Red Hat closed its second quarter, the company has announced the acquisition of Qumranet, an open-source virtualization company, positioning the open-source leader to close many more successful quarters to come.
Red Hat acquired Qumranet for $107 million in cash, according to the company, which is surprising, given Qumranet's comparative lack of revenue, having only released its product in September of 2007.
Such is the importance of virtualization. I'd argue that Qumranet was worth the hefty multiple.
In a statement, Red Hat claims that it "can now deliver what virtualization-only vendors cannot: a comprehensive … Read more