MarketBite

Red Hat buys cloud computing firm Gluster for $136 million

Posted on: November 11, 2011


  • Open source software provider Red Hat  Tuesday bought online data storage firm Gluster for $136 million in cash to expand Red Hat’s Internet-based computing.
  • Red Hat’s third-quarter and full-year fiscal 2012 earnings forecast won’t be impacted by the acquisition of Gluster, it said.
  • Brian Stevens, CTO and VP of Worldwide Engineering at Red Hat, commented: “The explosion of big data and the new paradigm of cloud computing are converging, forcing IT to re-think storage investments that are cost-effective, manageable and scale for the future.
  • Our customers are looking for software-based storage solutions that manage their file-based data on-premise, in the cloud and bridging between the two.”
  • The deal will give Red Hat, the largest seller of open-source Linux software, an opportunity to expand into the $4 billion market for unstructured data, which includes e-mails and social media postings.
  • Gluster co-founder and CTO AB Periasamy, added: “We believe this is a perfect combination of technologies, strategies and cultures and is a great development for our customers, employees, investors and community. Gluster started off with a goal to be the Red Hat of storage. Now, we are the storage of Red Hat.”
  • The acquisition is expected to close later this month, the companies said.
  • Red Hat was down 4.4% at $38.70 Tuesday afternoon and has fallen 11% for the year to date.

read more


Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

November 2011
M T W T F S S
    Dec »
 123456
78910111213
14151617181920
21222324252627
282930  

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 6 other followers

Twits

Error: Twitter did not respond. Please wait a few minutes and refresh this page.

%d bloggers like this: