After the Biggest Tech Deal, here is one more acquisition. The open source tech giant Red Hat is going to buy Ansible. Just after the Dell’s acquisition of EMC, Red Hat is making another acquisition over the IT automation Start up Ansible to build up its own enterprise IT portfolio.
Red Hat Acquired Ansible
Today the company announced that they would buy Ansible, this deal is rumoured to be of around $100 Million, but there is no official announcement of the price of the deal.
You must have not heard about Ansible before, it is an IT automation solution specialist that helps companies build and manage the hybrid IT deployments on the cloud and on-premises solutions.
Ansible was founded in 2013, had raised fund of $6 million from Menlo Ventures and e-ventures. The company is based out of Santa Barbara.
Ansible has raised its identity as a specialist in OpenStack Cloud, this deal is the sign of how the company hopes to expand itself into OpenStack. Earlier this year the company had the partenship with Cisco, HP, CSC and RackSpace in the same aid.
Joe Fitzgerald, VP at Red Hat said “Ansible is a clear leader in IT automation and DevOps, and helps Red Hat take a significant step forward in our goal of creating frictionless IT.”
Also the co-founder and CEO at Ansible said in a statement “We’re thrilled that Red Hat, a global leader in open source, has chosen Ansible to tackle the future of IT automation and systems management. This is a strong validation that Ansible’s simplicity, enterprise customer base and robust community is winning in enterprise IT automation, from compute to networking to cloud to containers.”
Red Hat also updated about the impact of their earnings after the acquisition, the acquisition will have no material impact on the earnings of the company for the third or fourth quarter of its financial year. Non- GAAP operating expenses for financial year 2016 will be increased by $2 Million.
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