An Israeli start-up was sold to a U.S.-based firm for $107 million.
Ra’anana-based Qumranet, which specializes in virtual infrastructure platforms, was acquired Thursday by Red Hat Inc., a Linux software company with headquarters in Raleigh, N.C. It is Red Hat’s first purchase in Israel, according to the Israeli daily Globes.
The companies have been collaborating for a few months.
Four men who had achieved high-tech success founded Qumranet in 2005. They are Benny Schnaider, its chief executive officer; Rami Tamir, president; Moshe Bar, chief technical officer; and Dr. Giora Yaron, chairman.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.