Red Hat, Cisco Systems grow ‘virtualization’ partnershipBy AP
Wednesday, June 23, 2010
Red Hat, Cisco expand ‘virtualization’ partnership
BOSTON — Red Hat Inc. and Cisco Systems Inc. said Wednesday that they expanded their “virtualization” partnership — the term for technology that lets one computer act like several.
The companies said they are expanding their relationship by integrating Cisco’s virtual network link technology with Red Hat’s enterprise virtualization technology.
The companies said that the move will give customers better network performance while lowering costs associated with rolling out virtual datacenters.
Shares of Red Hat, which is an open-source software company, rose 49 cents to $31.35 after rising to a 542-week high of $32.52 earlier in the session. Shares of Cisco, which is the world’s largest maker of computer networking gear, fell 14 cents to $22.83 in late trading Wednesday.
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