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Red Hat Picks Up Gluster for $136 Million

In a move to expand its Internet based computing, Red Hat Inc., provider of open source software and services, is acquiring closely held Gluster Inc. for about $136 million in cash.

With this acquisition Red Hat Inc. will get generation next storage solution for enterprises’ private and public clouds and hybrid storage needs from Gluster. In a clarification Red Hat mentioned that Gluster’s OpenStack support will be continued and also Fedora Linux project of Red Hat will be actively packaging OpenStack in Fedora 16.

Sunnyvale, California based Gluster Inc. was established six year ago and since then it has been supplying open source scale storage software for public and private clouds. It is a company that supports OpenStack which is an open source cloud OS project.

With this deal, Red Hat is getting a chance to expand to a storage market of unstructured data like emails and social media postings, the worth of which speculated at around $4 billion. Red Hat, which is otherwise the largest seller of the Linux software, will be offering more and better solutions to those customers who intend to get access to various data over Internet using the cloud computing after this deal.

Regarding the prospects after the deal Charlie Peters, Red Hat’s chief financial officer said that “This is an exciting new area of potential growth for Red Hat and one in which we intend to invest aggressively.”

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Ravi Mandalia

Ravi Mandalla was ITProPortal's Sub Editor (and a contributing writer) for two years from 2011. Based in Ahmedabad, India, Ravi is now the owner and founder of Parity Media Pvt. Ltd., a news and media company, which specializes in online publishing, technology news and analysis, reviews, web site traffic growth, web site UI. Ravi lists his specialist subjects as: Enterprise, IT, Technology, Gadgets, Business, High Net Worth Individuals, Online Publishing, Advertising, Marketing, Social Media, News, Reviews, Audio, Video, and Multi-Media. He has also previously worked as Dy. Manager - IT Security at (n)Code Solutions.