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Stock Market & Financial Investment News

News Breaks
April 30, 2014
08:09 EDTRHTRed Hat to acquire Inktank for $175M in cash
Red Hat 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. Red Hat has agreed to acquire Inktank, a privately-held company, for approximately $175M in cash, subject to certain adjustments at closing. As part of the transaction, Red Hat will assume unvested Inktank equity outstanding on the closing date and issue certain equity retention incentives. The transaction is expected to close in May, subject to customary closing conditions.
News For RHT From The Last 14 Days
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July 21, 2014
07:15 EDTRHTO'Reilly to hold a conference
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July 10, 2014
09:35 EDTRHTRed Hat, Google collaborate on open standard for Docker containers at scale
Red Hat (RHT) and Google (GOOG) are collaborating to drive a new open standard around orchestrating Docker containers, a standard for application packaging in containerized environments, at scale for the management of cloud application deployments, Red Hat announced in a post to its corporate website. Reference Link
July 9, 2014
11:00 EDTRHTWells says VMware growth could slow, downgrades shares
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07:25 EDTRHTVMware downgraded to Market Perform from Outperform at Wells Fargo
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