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.

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