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 shut many more successful quarters to come.

Red Hat acquired Qumranet for $107 million in cash, according to the company, which is surprising, …

Source:The Open Road

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This entry was posted on Friday, September 5th, 2008 at 1:12 pm and is filed under Business and Politics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.