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suse rancher acquisition

The transaction suggests that even during a recession, demand remains high for technology that can enable companies to operate more efficiently. Got some feedback about the website? In July, I announced SUSE's intent to acquire Rancher Labs, and now that the acquisition is final, today we embark on a new journey with SUSE. 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. Together, the two companies will develop solutions that address today’s complexity for enterprises with a focus on new innovations in edge computing. 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 … VMware COO: We must own the container movement in digital transformation, VMware COO: It's our 'birthright' to own the container movement in digital transformation. They added that the combined company will bring 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. In the world of Kubernetes, Amazon, Google and Microsoft have not moved as quickly as more traditional information-technology companies, said Rancher CEO Sheng Liang, who sold Cloud.com to Citrix in 2011. SUSE is a global leader in true open source innovation, collaborating with partners, communities and customers to deliver and support robust open source software solutions. These forward-looking statements are subject to change and should not be relied upon as representing the Company’s views as of any date other than the date of this press release. Any statements in this press release about future expectations, plans and prospects for the company, including statements containing the words “aims,” “targets,” “will,” “believes,” “anticipates,” “plans,” “expects,” and similar expressions, may constitute forward-looking statements and should be read with caution. In particular, some companies that compete with Amazon in retail and other areas, such as Walmart, are reluctant to use Amazon's market-leading cloud. A shared commitment to the true ethos of open source and the greater community is what brought these independent companies together, and what will set SUSE apart as IT leaders across the globe evaluate options for business transformation. I couldn't be more excited about our future and what this means for our customers around the world. SUSE and the SUSE logo are registered trademarks of SUSE LLC in the United States and other countries. SUSE and Rancher’s mutual customers and partners agree. Rancher's customers include American Express, Comcast, Deutsche Bahn and Viasat. All rights reserved. Powers the Ability for Enterprises to Innovate Everywhere. Today, SUSE embarks on a new chapter in our incredible 28-year journey. SUSE completes acquisition of Rancher Labs. “I knew SUSE was the right company for us because of our shared ethos, viewpoint and philosophy of open source driving value to business leaders,” said Sheng Liang, former Rancher CEO and, as of today, the new President of Engineering and Innovation at SUSE. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. © 2021 CNBC LLC. SUSE, a major Linux and cloud company, finalized its acquisition of Rancher Labs earlier this year.. Rancher, formerly a privately held open-source company, had over 37,000 active users and 100-million downloads of its flagship Kubernetes management program, Rancher. SUSE, a global leader in true open-source innovation, has closed the acquisition of Rancher Labs, the market leader in Kubernetes management. The companies haven't finalized integration plans as the deal still faces regulatory approval. 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. We want to hear from you. With no vendor lock-in or limits on where computing takes place, enterprises can seamlessly innovate across their business from the edge to the core to the cloud. "So far we haven't spent two-thirds of it," Liang said of the $95 million. All third-party trademarks are the property of their respective owners. Amazon, Microsoft and other cloud providers came out with services that developers can use to place code in containers, and in 2017 SUSE introduced its own service for managing containers. "The Rancher acquisition allows SUSE to support containerized workloads more effectively across on-premises, public cloud and edge environments based on OSS," said Arun Chandrasekaran, a Gartner analyst. Last year, former Salesforce and SAP executive Melissa Di Donato replaced Nils Brauckmann as SUSE's CEO. With our powerful and modular approach to open source software, our customers can count on reliability and unmatched agility to innovate everywhere – from the data center, to the cloud, to the edge and beyond.”, Innovate Everywhere through the Power of Many. What we can say is that SUSE believes its expertise in enterprise Linux, AI and edge computing will benefit from Rancher’s Kubernetes management stack. Got a confidential news tip? SUSE, a major Linux and cloud company, has announced it will acquire Rancher Labs. Get this delivered to your inbox, and more info about our products and services. Talks between the companies began in the spring, and the process became competitive with additional bids, Ursheet Parikh, a partner at Rancher backer Mayfield Fund, told CNBC on Tuesday. For more information, visit www.suse.com. LONDON and CUPERTINO, Calif., Dec. 1, 2020 /PRNewswire/ -- SUSE, a global leader in true open source innovation, today announced it has closed the acquisition of Rancher … SUSE Completes Its Acquisition Of Rancher Labs Written by Michael Larabel in SUSE on 1 December 2020 at 12:28 PM EST. Just as Rancher made computing everywhere a possibility for our customers, with SUSE, we will empower our customers to innovate … SUSE was founded in 1992 and has operated under Novell and other owners over the years. SUSE and Rancher – Enabling our Customers to Innovate Everywhere. People have downloaded it over 100 million times, the company said in March, and it claimed annualized revenue growth of 169% in 2019 without specifying a dollar amount. Suse announced it has closed the acquisition of Rancher Labs. Rancher was recently named a leader in The Forrester Wave™: Multicloud Container Development Platforms, Q3 2020 report and 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. 5 Comments Back in July SUSE announced its intention to acquire Rancher Labs. Sign up for free newsletters and get more CNBC delivered to your inbox. Rancher’s equal commitment to the open source community is backed by its support for multiple Kubernetes distributions and operating systems. “Our customers have made it clear they want powerful technology that is both leading-edge and reliable to accelerate business transformation,” said SUSE CEO Melissa Di Donato. 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, a global leader in true open source innovation, today announced it has closed the acquisition of Rancher Labs, the market leader in Kubernetes management. Rancher CEO Sheng Liang said: “After the acquisition closes later this year, I will lead the combined engineering and innovation organization at SUSE. In addition, any forward-looking statements included herein represent views as of the date of this press release and these views could change. Copyright 2020 SUSE LLC. Di Donato underscores these points. Two people familiar with the deal said SUSE is paying $600 million to $700 million. The acquisition will enable SUSE to … SUSE puts the “open” back in open source, giving customers the agility to tackle innovation challenges today and the freedom to evolve their strategy and solutions tomorrow. In July, we announced SUSE's intent to acquire Rancher Federal, and now that the acquisition is final, today we embark on a new journey with SUSE.We couldn't be more excited about our future and what this means for our customers around the world. SUSE’s acquisition of Rancher Labs puts the open source software vendor in a much stronger position to offer flexible, edge-based services to customers, according to an analyst at IDC. And stability for the enterprise watch: VMware COO: it 's our 'birthright to. Really been has operated under Novell and other owners over the years lots Zoom. At least 15 minutes that can enable companies to operate more efficiently lets it suse rancher acquisition to companies that do want. 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