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Red Hat paid approximately $107 million in cash for Qumranet, a privately held company. Now, Red Hat positioned to deliver comprehensive, reliable and open virtualization to Linux and Windows servers and desktops.

Red Hat today announced the acquisition of Qumranet, Inc. The acquisition includes Qumranet's virtualization solutions, including its KVM (Kernel Virtual Machine) platform and SolidICE offering, a virtual desktop infrastructure (VDI), which together present a comprehensive virtualization platform for enterprise customers. In addition, in connection with the deal, Qumranet's talented team of professionals that develop, test and support Qumranet solutions, and its leaders of the open source community KVM project, will join Red Hat.

According wikipedia:

Kernel-based Virtual Machine (KVM) is a Linux kernel virtualization infrastructure. KVM currently supports native virtualization using Intel VT or AMD-V. A wide variety of guest operating systems work with KVM, including many flavours of Linux, BSD, Solaris, Windows, Haiku, ReactOS and AROS Research Operating System.

Red Hat Advances Virtualization Leadership with Qumranet, Inc. Acquisition