Red Hat (NYSE: RHT) has completed the acquisition of ManageIQ it announced back in December, intended to add to Red Hat’s growing portfolio of open hybrid cloud products. In particular, Red Hat seemed mostly interested in ManageIQ’s Hybrid Cloud Operations Management Tools.

The open source company announced the acquisition closed in late December—a fairly quick turnaround from definitive agreement to completed acquisition. Now Red Hat can get busy bringing ManageIQ and its people into the fold and preparing to integrate its enterprise cloud management and automation technologies into Red Hat’s hybrid cloud portfolio.

“With the closing of the acquisition, we now begin work to integrate ManageIQ’s enterprise cloud management and automation technologies with our complementary Red Hat CloudForms hybrid infrastructure-as-a-service (IaaS) solution and our open Red Hat Enterprise Virtualization management solution. With this combination, we can offer our customers an unparalleled open hybrid cloud management portfolio,” said Bryan Che, general manager of Red Hat’s Cloud Business Unit.

Previously, Red Hat had partnered with ManageIQ on its Enterprise Virtualization platform. Together, they deployed the platform to joint customers. In seeing an opportunity to form a closer relationship, Red Hat chose to acquire ManageIQ.

The acquisition provides a good expansion to Red Hat’s cloud computing portfolio. At its North American partner conference earlier this month, Red Hat pitched open hybrid cloud to its partners. As Talkin’ Cloud reported, Roger Egan, Red Hat’s North American channel chief, noted that partners, service providers and telcos are all embracing CloudForms and its OpenShift PaaS.

As ManageIQ’s technologies support Amazon Web Services (NASDAQ: AMZN), this acquisition is also an interesting choice for Red Hat. The acquisition puts Red Hat in the position to support AWS public cloud services with ManageIQ’s EVM cloud management platform.

For Red Hat and its partners, cloud management systems could also be a strong revenue generator, as IDC expects the market to exceed $3.6 billion by 2016.