Red Hat has signed a definitive agreement to acquire Inktank, a provider of open source storage systems.
Red Hat has agreed to acquire Inktank, a privately-held company, for approximately $175 million in cash, subject to certain adjustments at closing.
As part of the transaction, Red Hat will assume unvested Inktank equity outstanding on the closing date and issue certain equity retention incentives.
Inktank’s flagship technology, Inktank Ceph Enterprise, delivers world class object and block storage software to enterprises deploying public or private clouds, including many early adopters of OpenStack clouds.
The addition of Inktank positions Red Hat as the leading provider of open software-defined storage across object, block and file system storage, the company said.
In a recently-published assessment of the software-defined storage market, IDC’s Ashish Nadkarni, the firm’s research director for storage systems wrote: “Software-defined platforms will continue to grow faster than any other market segment in the file- and object-based storage market.
This growth will primarily be driven by a rich and diverse set of data-intensive use cases across multiple industries and geographies.”
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