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Red Hat acquires open source Ceph developer Inktank for $175 million


Worlds leading open source solutions provider Red Hat has announced today that it will acquire Inktank, a privately-held company that provides open-source storage systems, for about $175 million in cash.

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Red Hat is best known for its  enterprise Linux OpenStack platform, but also seen massive growth in its middleware solutions such as Red Hat JBOSS middleware and it has also established its open source storage technology business too.

Founded 2 years ago, Inktank had developed Ceph, an open source storage system to replace legacy storage systems. According to Inktank.comCeph is the hottest open source, software-defined storage system available. Massively scalable object, block, and file storage in a unified platform at the lowest cost per gig and it runs on commodity hardware.

When the deal closes in next month, Red Hat will acquire unvested equity outstanding of the storage firm and it has planned to issue certain equity retention incentives.

Now that the acquisition will help its Gluster distributed storage technology and the combination of both the storage systems will boost Red Hat’s presence in software-defined storage. Open source related companies are growing and it should grow too. What’s your opinion on this? Share your views in the comments below.

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About Kate McEnroe

kate@thenextdigit.com'
Kate is a well known optimist New Yorker and experienced in digital as well as analog gadgets, she is the senior manager as well as senior writer of TND Media, who loves to write about Microsoft technologies, Laptops & PCs. All posts by Kate

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