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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.
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August 27, 2014
16:11 EDTRHTRed Hat CTO Brian Stevens to step down
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