Open source cloud software provider, Red Hat, announced on Tuesday it has closed its acquisition of the cloud management company, ManageIQ. The acquisition is valued at $104 million in cash, and fills a gap in Red Hat’s cloud stack.
The technology will help Red Hat’s customers deploy, manage, and optimize compute processes across public clouds, private clouds, and virtualized infrastructures. This technology provides enterprises with operational management tools that include monitoring, chargeback, governance, and orchestration.
By adding this technology, Red Hat now has three new open hybrid cloud management solutions: Red Hat CloudForms, Red Hat Enterprise Virtualization, and ManageIQ’s Hybrid Cloud Operations Management Tools.
It’s not just a good move, it’s a great move for Red Hat. Governance and management has long been a huge hole in most private, public, and hybrid cloud computing solutions. As cloud deployments become more complex, and mission critical, the need to add these types of tools is a core requirement. Red Hat is showing good vision by adding this technology to their technology stack before the market begins to scream for it.