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IBM completed its $34 billion acquisition of Red Hat ($190.00 per share in cash) in a deal aimed at positioning the merged company as the leader in hybrid cloud technologies. Together, IBM and Red Hat promise to accelerate innovation by offering a next-generation hybrid multicloud platform based on open source technologies, such as Linux and […]
Red Hat reported revenue of $879 million for the fourth quarter of its fiscal year, up 14% year-over-year, or 17% in constant currency. Full fiscal year total revenue amounted to $3.4 billion, up 15% year-over-year, or 16% in constant currency. GAAP net income for the quarter was $139 million, or $0.75 diluted earnings per share […]
IBM agreed to acquire all of the issued and outstanding common shares of Red Hat for $190.00 per share in cash, representing a total enterprise value of approximately $34 billion. IBM and Red Hat said that as a combined company tthey will be strongly positioned to address the migration of all businesses to multi-cloud environments […]
Red Hat introduced new Ansible capabilities, including native agentless support for automating heterogeneous network infrastructure devices using the same simple human and machine readable automation language that Ansible provides to IT teams. At launch, Red Hat’s Ansible networking framework provides support for: Arista Networks – Arista EOS Cisco Systems – Cisco Application Centric Infrastructure (ACI); […]
Redis Labs, the home of Redis and provider of Redis Enterprise, closed $110 million in financing led by a new investor, Tiger Global, which brings the company’s valuation to more than $2 billion. The company’s Series G round also includes participation from another new investor, SoftBank Vision Fund 2*, and existing Redis Labs investor TCV. […]
