IBM Acquires Red Hat for $34 Billion USD: Linux, Hybrid Cloud, OpenStack, & Kubernetes Solutions

IBM Acquires Red Hat for $34 Billion USD: Linux, Hybrid Cloud, OpenStack, & Kubernetes Solutions

"Game Changing" Move by IBM the Largest Software Company Acquisition in Corporate History

IBM announced this weekend that it will acquire the shares of Red Hat (NASDAQ: RHT) at a $190, a 62.8% premium to their closing price of $116.68 in a $34 billion USD deal still subject to approval by regulators & stockholders. If closed successfully, the deal will represent the largest purchase price paid for a software company in history, topping the 2016 acquisition of LinkedIn by Microsoft for $26 billion USD. In initial comments on the merger, IBM CEO Ginni Rometty stated: “The acquisition of Red Hat is a game-changer. It changes everything about the cloud market. IBM will become the world’s #1 hybrid cloud provider, offering companies the only open cloud solution that will unlock the full value of the cloud for their businesses.” Founded in 1994, Red Hat is one of the oldest and most widely used Linux distributions available for data centers today. Red Hat was the first open source software company to $500 million USD in annual revenue and is expected to surpass $3 billion in revenue in 2018. IBM gains the Red Hat Enterprise Linux codebase, programming talent, patents/IP, & goodwill, as well as the OpenShift, Kubernetes, OpenStack, JBoss, CoreOS, & Ansible resources. Red Hat has over 12,600 employees with corporate headquarters in Raleigh, North Carolina. As IBM is projecting cloud scale-out at the global level as a $1 trillion USD annual market, Red Hat's programming & engineering talent is already innovating at the highest levels of implementation for Fortune 500 corporations and provides an industry leading Linux product suite for data center management. This merger could have a major impact on the future of CentOS.

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SUSE Linux Gains Independence from Micro Focus in $2.54 Billion USD Deal with EQT

SUSE Linux Gains Independence from Micro Focus in $2.54 Billion USD Deal with EQT

SUSE Developers to Expand Product Line of OpenStack & Kubernetes Cloud Services

Fallout from the HP-Autonomy deal in 2011 continues as SUSE Linux announced this month that it had secured independence from Micro Focus in a $2.535 billion USD buy-out deal negotiated with the Swedish private equity firm EQT. Under terms of the agreement, Micro Focus (who acquired SUSE as part of a merger in 2014 with the Attachmate Group) will transfer the business assets of SUSE to a new holding company (Blitz 18-679 GmbH) wholly-owned by EQTVIII SCSp (EQT).

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SUSE OpenStack Cloud 7 & Container as a Service (CaaS) Platform

SUSE OpenStack Cloud 7 & Container as a Service (CaaS) Platform

HPE & Micro Focus Launch Enterprise OpenStack & Kubernetes CaaS on SUSE Linux

SUSE Linux announced the release of their Kubernetes "Container as a Service" (CaaS) platform based on SUSE MicroOS at the LinuxCon (Beijing) in June of 2017. The SUSE CaaS Platform combines with the SUSE OpenStack 7 distribution to provide complete cloud data center management solutions for enterprise corporations, government agencies, higher education, & non-profit groups. SUSE Linux is one of the oldest and most trusted enterprise Linux distributions with more than 25 years experience in open source development. The SUSE CaaS Platform & OpenStack 7 distro both represent the latest products from a new corporate entity that combines professional programming teams from Micro Focus, HPE, Autonomy, & the original "Software und System-Entwicklung" (SUSE) Linux company based in Germany.

 

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