Tetrate, a company bringing commercial services and support to the open source projects –Istio and Envoy — providing network management functions for the microservices that make up modern mobile applications, has launched with $12.1 million in new financing. The company, founded by top engineers at Google who started the Istio project, raised its initial financing […]
View More Tetrate nets $12.1 million to bring microservices to the corporate massesCategory: red hat
Google and IBM still trying desperately to move cloud market share needle
When it comes to the cloud market, there are few known knows. For instance, we know that AWS is the market leader with around 32 percent of market share. We know Microsoft is far back in second place with around 14 percent, the only other company in double digits. We also know that IBM and […]
View More Google and IBM still trying desperately to move cloud market share needleHow open source software took over the world
Mike Volpi Contributor Share on Twitter Mike Volpi is a general partner at Index Ventures. Before co-founding the firm’s San Francisco office with Danny Rimer, Volpi served as the chief strategy officer at Cisco Systems. It was just 5 years ago that there was an ample dose of skepticism from investors about the viability of open source […]
View More How open source software took over the worldThe crusade against open source abuse
Salil Deshpande Contributor Salil Deshpande serves as the managing director of Bain Capital Ventures. He focuses on infrastructure software and open source. More posts by this contributor Let’s define “container-native” After the Satoshi Roundtable, is there a way to bridge the bitcoin divide? There’s a dark cloud on the horizon. The behavior of cloud infrastructure […]
View More The crusade against open source abuseRed Hat acquires hybrid cloud data management service NooBaa
Red Hat is in the process of being acquired by IBM for a massive $34 billion, but that deal hasn’t closed yet and, in the meantime, Red Hat is still running independently and making its own acquisitions, too. As the company today announced, it has acquired Tel Aviv-based NooBaa, an early-stage startup that helps enterprises manage […]
View More Red Hat acquires hybrid cloud data management service NooBaaCanonical’s Mark Shuttleworth says he has no plans to sell anytime soon
After IBM announced its plans to acquire Red Hat for $34 billion, pundits quickly started speculating about when Red Hat competitors like Suse and Canonical would sell, as well. Canonical founder Mark Shuttleworth, though, doesn’t seem to have any interest in selling — at least for the time being. “I value my independence,” he told […]
View More Canonical’s Mark Shuttleworth says he has no plans to sell anytime soonThe hybrid cloud market just got a heck of a lot more compelling
Let’s start with a basic premise that the vast majority of the world’s workloads remain in private data centers. Cloud infrastructure vendors are working hard to shift those workloads, but technology always moves a lot slower than we think. That is the lens through which many cloud companies operate. The idea that you operate both […]
View More The hybrid cloud market just got a heck of a lot more compellingAssessing IBM’s $34 billion Red Hat acquisition
As you look at the $34 billion IBM-Red Hat deal announced yesterday, if you follow the enterprise closely, it seems like a good move, at least on its face. It could be years before we understand the true value of it for IBM (or lack thereof, depending on how it ultimately goes). The questions stands […]
View More Assessing IBM’s $34 billion Red Hat acquisitionIBM is betting the farm on Red Hat — and it better not mess up
Who expects a $34 billion deal involving two enterprise powerhouses to drop on a Sunday afternoon, but IBM and Red Hat surprised us yesterday when they pulled the trigger on a historically large deal. IBM has been a poster child for a company moving through a painful transformation. As Box CEO (and IBM business partner) Aaron […]
View More IBM is betting the farm on Red Hat — and it better not mess upIBM to acquire open source company Red Hat for a whopping $34 billion
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$34 billion.
That’s how much IBM has offered to pay, in cash, to acquire the open source software company Red Hat.
Red Hat gives away its core product — the Red Hat Linux distribution — for free, but it makes money on support and cloud computing. And the latter is where IBM’s focus is at.
“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,” said IBM Chairman, President and CEO Ginni Rometty.
Today is a banner day for #opensource. Red Hat will be combining forces with @IBM in the largest software transaction in history and it’s an open source company. Read Paul Cormier’s thoughts: https://t.co/trjpJMk3w9 https://t.co/G8SKS5gsVk pic.twitter.com/FfPpzqiqUN
— Red Hat, Inc. (@RedHat) October 28, 2018 Read more…
More about Acquisition, Ibm, Red Hat, Tech, and Big Tech Companies
The largest software acquisition ever: IBM to buy Red Hat for $34B
At a price typically reserved for semiconductor companies, telecoms, and pharmaceutical giants, IBM announced today it would pay a record $34 billion in cash and debt to acquire enterprise open source provider Red Hat. Eclipsing Microsoft’s $26.2 billion acquisition of LinkedIn, this is the biggest software acquisition in history. It’s not the biggest tech acquisition […]
View More The largest software acquisition ever: IBM to buy Red Hat for $34BThe Istio service mesh hits version 1.0
Istio, the service mesh for microservices from Google, IBM, Lyft, Red Hat and many other players in the open-source community, launched version 1.0 of its tools today. If you’re not into service meshes, that’s understandable. Few people are. But Istio is probably one of the most important new open-source projects out there right now. It […]
View More The Istio service mesh hits version 1.0