suse acquired rancher

SUSE, a global leader in true open source innovation, today announced it has closed the acquisition of Rancher Labs, the market leader in Kubernetes management.The combined company brings together a best-in-class Linux operating system, a market-leading Kubernetes management platform, and a host of pioneering edge capabilities that will give enterprises the power to innovate everywhere. SUSE acquires Rancher! Continental Innovates with Rancher and Kubernetes. On 8 July 2020, SUSE announced its definitive agreement to acquire Rancher Labs, which provides a Kubernetes management platform. EQT owned SUSE just acquired Rancher Labs for $600M, and although Rancher revenue was not publicly disclosed, this appears to be a purchase at ~30x multiple on revenue. Two people familiar with the deal said SUSE is paying $600 million to $700 million. “This is an incredible moment for our industry, as two open source leaders are joining forces. With its heritage in open source technology, SUSE remains committed to delivering 100% true open source technologies with no vendor lock-in. +1 (415) 652-2185, Caroline Tarbett SUSE, a Linux distribution company controlled by private equity firm EQT, has agreed to acquire Rancher Labs, a start-up with technology that helps organizations run software in virtual containers across many servers. The merger of a leader in Enterprise Linux, Edge Computing and AI with a leader in Enterprise Kubernetes Management will disrupt the market to help customers accelerate their digital transformation journeys,” said Melissa Di Donato, SUSE CEO. SUSE acquires Rancher Labs to compete with Red Hat OpenShift. Share this article. For additional information, visit rancher.com and follow @Rancher_Labs on Twitter. Gartner predicts that growing adoption of cloud-native applications and infrastructure will increase use of container management to over 75% of large enterprises in mature economies by 2024 (up from less than 35% in 2020). This combination is also a huge win for SUSE’s global partner ecosystem who will now be able to provide an even broader range of solutions to their customers with Rancher’s solutions. Sharing this ethos, Rancher will continue its strategy to be open and support multiple Kubernetes distributions and operating systems. SUSE and Rancher will deliver innovation users can trust with the union of our best-in-class Linux operating system, market-leading Kubernetes management platform and host of innovative edge products, allowing … Rancher was able to thrive in this exciting and highly dynamic market because we developed innovative products loved by end users. Based in Cupertino CA Rancher is a privately held open source company, providing a Kubernetes Management platform. After SUSE’s announcement in July of a definitive agreement to acquire Rancher Labs, we are excited to confirm the deal has been completed and SUSE and Rancher Labs are … What will happen to the Rancher leadership. The acquisition of Rancher is the first step in SUSE’s inorganic growth strategy since becoming a fully independent software company in March 2019. The deal is expected to close before the end of October 2020, subject to customary closing conditions including receipt of regulatory approvals. I want to thank everyone who has used our products over these last six years for your support, and for helping us build an amazing community of users. SUSE acquires Kubernetes startup Rancher Labs The deal will enable SUSE customers to "seamlessly innovate across their business from the edge to the core to the cloud" by: Carly Page. SUSE, the world’s largest independent open source company, has entered into a definitive agreement to acquire Rancher Labs. SUSE acquires Rancher Labs for reported $600M+ as it chases $1B revenue goal by Maria Deutscher. from the University of Science and Technology of China and a Ph.D. from Yale University. We started Rancher 6 years ago to develop the next generation enterprise computing platform built on a relatively new technology called containers. Last week SUSE announced its intent to acquire Rancher Labs. Products. Rancher and SUSE together will be the enterprise computing company that transforms our industry. Simon Sharwood, APAC Editor Thu 9 Jul 2020 // 06:29 UTC. +1 (908) 347-5469, For Rancher Labs: Share. Rancher Labs delivers open source software that enables organizations to deploy and manage Kubernetes at scale, on any infrastructure across the data center, cloud, branch offices, and the network edge. Rancher’s customers will on the other hand gain access to SUSE’s global support network and broad open source portfolio. SUSE chameleon official plush toy. The deal is expected to close before the end of October 2020, subject to customary closing conditions and regulatory approvals. All Rights Reserved. This would make the former a market leader in enterprise Kubernetes management. Following regulatory approvals and the acquisition’s close, customers of both companies will benefit from a broader best-in-class portfolio as well as from the vastly increased global presence and innovation power. Back in July SUSE announced its intention to acquire Rancher Labs. Most people in the Kubernetes community know Rancher Labs and Rancher Federal have built their successes on offering maximum choice to legions of loyal users and customers. Head of External Communications, SUSE Shannon Williams Published: July 8, 2020. Likewise, SUSE’s strong ecosystem will greatly accelerate Rancher’s on-going efforts to transform how organizations adopt cloud native technology. SUSE Acquires Rancher Labs to Accelerate Its Push into Kubernetes. SUSE customers will benefit from the robust capabilities of Rancher’s industry leading cloud native technologies, named by Forrester WaveTM as a leader in Enterprise Container Platform Software. “Our vision to enable better futures and measurable value for our customers and partners is what guides our decisions and drives our growth,” added Di Donato. “Rancher and SUSE will help organizations control their cloud native futures,” said Sheng Liang, Rancher CEO. Sheng has a B.S. By. As key leadership leaves, BioWare pushes ahead on Dragon Age 4 and Mass Effect . Prior to starting Rancher, Sheng was CTO of the Cloud Platforms group at Citrix Systems after their acquisition of Cloud.com, where he was co-founder and CEO. For more information, visit www.suse.com. Related Posts. The companies announced the deal Wednesday but didn’t disclose the terms. SUSE entered into a definitive agreement to acquire Rancher Labs. I’m excited to announce that Rancher has signed a definitive agreement to be acquired by SUSE. It also follows SUSE’s strong fiscal momentum – most recently with SUSE reporting an excellent second quarter of its fiscal year 2020, which saw ACV (annual contract value) bookings increase 30% year over year and global cloud revenue skyrocket 70% year over year. Twitter. With 37,000 active users and greater than 100 million downloads, their flagship product, Rancher, is a leading Kubernetes management platform. Based in Cupertino, Rancher is a privately held open-source … In this video Adrian Goins shares more information about the SUSE acquisition of Rancher Labs and why this is an amazing move for both companies. Rancher is the most popular Kubernetes Management platform in the world and has quickly become the choice of US government organizations building secure, scalable solutions on … SUSE To Acquire Rancher Labs. I've come to quite enjoy Rancher products. sara.stephens@suse.com SUSE announced that it has entered into a definitive agreement to acquire Rancher Labs. The acquisition will not challenge our constitution to … What we can say is that SUSE believes its expertise in enterprise Linux, AI … Rancher is the most widely used enterprise Kubernetes platform. Sheng has more than 15 years of experience building innovative technology. Spread the love. Acquisition of Rancher Labs. What will happen to products and projects and more importantly, what value does Rancher bring to SUSE. Rancher is the most widely used enterprise Kubernetes platform. “Only the combination of SUSE and Rancher will have the depth of a globally supported and 100% true open source portfolio, including cloud native technologies, to help our customers seamlessly innovate across their business from the edge to the core to the cloud.”. SUSE , Rancher Labs 08 Jul, 2020, 14:00 BST. The merger of a leader in enterprise Linux, edge computing and AI with a leader in Enterprise … We’re not just 100 percent open source, we’re 100 percent open with no vendor lock-in. Open-source enterprise software giant SUSE … Sheng started his career as a Staff Engineer in Java Software at Sun Microsystems, where he designed the Java Native Interface (JNI) and led the Java Virtual Machine (JVM) development for the Java 2 platform. I am thrilled to share that, SUSE has signed a definitive agreement to acquire Rancher Labs, a market-leading, Enterprise Kubernetes Management vendor based in Cupertino, California. “Our leading Kubernetes platform with SUSE’s broad open source software solutions creates a powerful combination, enabling IT and Operations leaders worldwide to best meet the needs of their customers wherever they are on their digital transformation journey from the data center to cloud to edge.”. 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