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Technology M&A image Technology M&A » By The Online Investor Staff, updated Thu., Jul. 2, 10:50 AM Recent mergers and acquisitions in the Technology M&A category.

Slide #36. Red Hat, Inc. Inktank

Acquirer: Red Hat, Inc. (RHT)
Acquiree: Inktank
Details: Red Hat, Inc. (NYSE:RHT), the world's leading provider of open source solutions, today announced that it has signed a definitive agreement to acquire Inktank, a leading provider of scale-out, open source storage systems. Inktank's flagship technology, Inktank Ceph Enterprise, delivers world class object and block storage software to enterprises deploying public or private clouds, including many early adopters of OpenStack clouds. Combined with Red Hat's existing GlusterFS-based storage offering, the addition of Inktank positions Red Hat as the leading provider of open software-defined storage across object, block and file system storage.

Red Hat is a provider of open source software solutions, using an approach to develop and provide operating system, virtualization, management, middleware, cloud and storage technologies. Co. uses the open source software development and licensing model to provide its offerings to customers primarily on a subscription basis. Subscriptions for its offerings are marketed and sold to customers directly and through business partners. Co.'s products and services include: infrastructure-related offerings, such as Red Hat Enterprise Linux technologies, Red Hat Satellite, and Red Hat Virtualization; and application development-related and other technology offerings, such as Red Hat Middleware.

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Company Name: 
Red Hat Inc
Stock buyback: 
RHT buyback
Website: 
www.redhat.com
Sector: 
Application Software
 

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