Competition is intensifying in the virtualization sector.
Red Hat (RHT) this morning announced an agreement to acquire Qumranet, an Israeli company that provides a virtualization software platform, for $107 million in cash.
McAfee (MFE) has suspended Yaniv Alfi, the company’s territory manager in Israel, and is investigating business practices in the company’s Israeli operations, a spokesman for the company confirmed to Tech Trader Daily this afternoon.
Now that Shai Agassi’s electric-vehicle network start-up Project Better Place has started to charge ahead in its first market, Israel, the company has begun to put the pieces in place to actually build the 500,000 electric-vehicle charging stations.
Israel’s growing solar industry, early moves on electric vehicles (the home to Shai Agassi’s first electric-vehicle infrastructure project) and recently funded water start-ups are making the state one of the front-runners of the cleantech revolution. And Israel keeps churning out new solar start-ups; on Monday a solar photovoltaic company called Pythagoras Solar said it had raised a Series A round of $10 million.
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