Red Hat has agreed to acquire ManageIQ, for approximately $104.0 million in cash. The closing of the transaction is subject to customary closing conditions, including approval by the stockholders of ManageIQ. ManageIQ was already supporting the Red Hat Enterprise Virtualization (RHEV) platform.
ManageIQ provides Virtualization platform Management software providing monitoring, management and automation. And by this acquisition Red Hat can offer a complete solution for cloud management.