Open Source Solutions Provider Red Hat Acquires Hybrid Cloud Data Management Provider NooBaa
November 28, 2018
Open source solutions provider Red Hat, Inc. (Red Hat) has acquired hybrid cloud data management provider NooBaa. Headquartered in Raleigh, North Carolina, United States, Red Hat is the founder of the Red Hat Enterprise Linux operating system. The company offers a suite of cloud options and enterprise software solutions, and was in the news recently for adding Kevin M. Murai to its Board of Directors. Its acquisition of NooBaa extends its hybrid cloud capabilities by gaining a “unified data platform for distributed hybrid and multi-cloud environments”. Financial aspects of the deal have yet to be released.
NooBaa is an “early stage company” that develops software for data storage management in hybrid and multi-cloud environments. The company was established in 2013 by Yuval Dimnik and Guy Margalit, both storage and security experts. It has offices in Israel and the United States, and specializes in a data management platform that “combines the convenience and elasticity of public cloud storage, with the control and security of on-premise storage solutions”. The acquisition “helps advance Red Hat's position as a leading provider of open hybrid cloud technologies”.
“Data portability is a key imperative for organizations building and deploying cloud-native applications across private and multiple clouds,” explained Vice President and General Manager, Storage and Hyperconverged Infrastructure, Red Hat, Ranga Rangachari. “NooBaa’s technologies will augment our portfolio and strengthen our ability to meet the needs of developers in today’s hybrid and multi-cloud world. We are thrilled to welcome a technical team of nine to the Red Hat family as we work together to further solidify Red Hat as a leading provider of open hybrid cloud technologies.”
Do you know of any other companies involved in acquisitions? Let us know the details. Add your comments below.