Open-source enterprise software firm Red Hat said Wednesday it has inked a $175 million cash deal to acquire Inktank, a provider of scale-out, open-source storage systems.
Inktank is best known for its flagship technology Ceph, an enterprise system that delivers object and block storage software for deployments in public or private clouds. Red Hat plans to use Inktank’s expertise in this area to position itself as the go-to source for open software-defined storage.
Brian Stevens, executive vice president and CTO of Red Hat, said in a statement:
We're thrilled to welcome Inktank to the Red Hat family. They have built an incredibly vibrant community that will continue to be nurtured as we work together to make open the de facto choice for software-defined storage. Inktank has done a brilliant job assembling a strong ecosystem around Ceph and we look forward to expanding on this success together. The strength of these world-class open storage technologies will offer compelling capability as customers move to software-based scale-out storage systems.
Red Hat will assume unvested Inktank equity outstanding on the closing date, which expected to be some time in May 2014, subject to customary closing conditions.