Software developer Red Hat bought an Israeli company in a bid to gain a competitive edge against Microsoft and smaller rivals that provide computing services for complex networks. Raleigh, N.C.-based Red Hat said Thursday that it paid $107 million in cash for privately held Qumranet, which sells software that helps computer systems run multiple programs more efficiently on less equipment.
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Software developer Red Hat bought an Israeli company in a bid to gain a competitive edge against Microsoft and smaller rivals that provide computing services for complex networks. Raleigh, N.C.-based Red Hat said Thursday that it paid $107 million in cash for privately held Qumranet, which sells software that helps computer systems run multiple programs more efficiently on less equipment.
