Red Hat Buys CoreOS for $250M to Expand Its Kubernetes and Containers...

Red Hat Buys CoreOS for $250M to Expand Its Kubernetes and Containers Leadership

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Red Hat, Inc., the world’s leading provider of open source solutions, announced that it would acquire CoreOS, Inc., a company known for providing the Container Linux operating system (formerly CoreOS Linux), Tectonic for Kubernetes, and Quay Enterprise container registry, for the price of $250 million USD.
CoreOS joining Red Hat means automated operations are coming to all. In other words, both companies will work together to expand Kubernetes, the open-source system for automating scaling, deployment, and management of containerized applications in business environments, as well as to innovate in containers and distributed systems.
Red Hat’s acquisition of CoreOS will also accelerate the adoption and development of the best hybrid cloud platform available to date for modern application workloads, whose demand continues to grow every day. Red Hat is already a leader in enabling enterprises around the globe to embrace container-based apps with its Red Hat OpenShift enterprise-ready and comprehensive Kubernetes platform.
Red Hat expects to close the transaction in January 2018, which won’t have a material impact to Red Hat’s guidance for the company’s Q4 or the fiscal year ending February 28, 2018. On the other hand, CoreOS promises to continue to honor all existing customer engagements, and send a direct email to all of them about these new changes.

Source: http://news.softpedia.com/news/red-hat-buys-coreos-for-250m-to-expand-its-kubernetes-and-containers-leadership-519641.shtml
Submitted by: Arnfried Walbrecht

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