Red Hat purchases Gluster
Open source enterprise solutions provider will but Gluster for $136m in cash
Open source enterprise solutions provider, Red Hat, has signed a definitive agreement to acquire Gluster, a scale-out, open source storage solutions provider for standardising the management of unstructured data, for approximately $136 million in cash.
With this acquisition, Red Hat is hoping to expand into a critical part of enterprise infrastructure, which will enable it to deliver open storage solutions that protect customer investments as they approach the new era of computing.
"The explosion of big data and the new paradigm of cloud computing are converging, forcing IT to re-think storage investments that are cost-effective, manageable and scale for the future," said Brian Stevens, CTO and vice president, Worldwide Engineering at Red Hat. "Our customers are looking for software-based storage solutions that manage their file-based data on-premise, in the cloud and bridging between the two. With unstructured data growth [such as log files, virtual machines, email, audio, video and documents], the 90's paradigm of forcing everything into expensive, single-system DBMS residing on an internal corporate SAN has become unwieldy and impractical."
Gluster founded in 2005, has developed GlusterFS, a software-only, scale-out storage system, designed to allow enterprises to combine large numbers of commodity storage and compute resources into a high-performance, centrally-managed and globally-accessible storage pool.
Gluster currently works with companies such as Pandora, Box.net and Samsung.
"We are extremely pleased to be joining Red Hat," said AB Periasamy, co-founder and CTO of Gluster. "We believe this is a perfect combination of technologies, strategies and cultures and is a great development for our customers, employees, investors and community. Gluster started off with a goal to be the Red Hat of storage. Now, we are the storage of Red Hat."
As part of the purchase, Red Hat will also assume unvested Gluster equity outstanding on the closing date and issue certain equity retention incentives. The transaction is expected to close in October, subject to closing conditions.