The price of the acquisition was not disclosed. How much? If you like the reporting, video interviews and other ad-free content here, please take a moment to check out a sample of the video content supported by our sponsors, tweet your support, and keep coming back to SiliconANGLE. tengbretson 5 hours ago. Developer of a container technology intended for enterprises looking to run containers and Kubernetes in production. “With open-source software, you develop a unique product that solves a real problem and then there’s no barrier to adoption. Executives include co-founders Sheng Liang (CEO), Shannon Williams, Darren Shepherd, and Will Chan. The combined company brings together a Linux operating system, a Kubernetes management platform, and a host of edge capabilities that will give enterprises the power to innovate everywhere. Keeping the quality high requires the support of sponsors who are aligned with our vision of ad-free journalism content. reply. For his part, Liang is quite willing to contrast his technology with OpenShift. “It’s likely faster and easier for SUSE to buy Rancher than it would be to develop solutions similar to those the company is well-known for. And while it already offered a Kubernetes-based container platform, Rancher’s expertise will only help it to build out this business. The price of the acquisition was not disclosed. The two companies did not disclose the price of the acquisition, but Rancher was well funded, with a total of $95 million in investments. Pillsbury Winthrop Shaw Pittman LLP advised Rancher Labs on the deal. "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,” says SUSE CEO Melissa di Donato. The acquisition of Rancher will undoubtedly fuel comparisons between SUSE’s Kubernetes solution and OpenShift, Red Hat’s own container platform. The deal is expected to close before the end of October 2020, subject to customary closing conditions and regulatory approvals. “They not only completely understand and buy into our commitment to open source, but they are completely open in terms of supporting the whole ecosystem. 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 … It reports having over 30,000 active users and 100 million downloads. The deal provides Cresco Labs a Medical Marijuana Treatment Center license in Florida. SUSE's acquisition of the open source Kubernetes startup Rancher Labs closed earlier this month, and the German company that's behind the SUSE Linux distribution might be the hybrid cloud company to watch in 2021.. SUSE is about a year older than Red Hat. SiliconANGLE Media Inc.’s business model is based on the intrinsic value of the content, not advertising. This field is for validation purposes and should be left unchanged. I just can’t wait to get going as soon as the deal closes.”. Thanks! Cresco Labs Enters Florida Medical Cannabis Market With $120-Million Acquisition. Does this mean the project is being put out to pasture? reply. SUSE, a major Linux and cloud company, has announced it will acquire Rancher Labs.Based in Cupertino, Rancher is a privately held open-source company with … Rancher Labs has 37,000 active users and more than 100 million downloads. tengbretson 5 hours ago. “Red Hat did a lot of good things for open source, for Linux, for Kubernetes,” Liang said. Back in July SUSE announced its intention to acquire Rancher Labs. Suse announced it has closed the acquisition of Rancher Labs. The deal is expected to close before the end of October 2020, subject to customary closing conditions and regulatory approvals. Together.”, “With the combination of Rancher and SUSE going forward, we’re going to be able to supply the enterprise container platform of choice for lots of customers,” said Sheng Liang (pictured), co-founder and chief executive officer of Rancher. At Rancher we take pride in our industry-leading customer satisfaction with an NPS score of over 80. Imagine powerful technology that is both leading-edge and reliable. Blog • License and Price S/4 Hana Transformation And SAP Licenses. SUSE, a global leader in true open-source innovation, 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. It is also yet another enterprise software vendor acquiring an independent Kubernetes provider.These frequent acquisitions are a clear indication that this industry is very much alive, Kubernetes is a technology even the big players are betting on and we can expect a dynamic market in the years to come. SUSE, which describes itself as ‘the world’s largest independent open source company,’ today announced that it has acquired Rancher Labs, a company that has long focused on making it easier for enterprises to make their container clusters.. 11 HOURS AGO, SECURITY - BY DUNCAN RILEY . SUSE’s global reach and enterprise focus will further strengthen our commitment to customers who rely on Rancher to power mission-critical workloads. About Rancher Labs. The two companies did not disclose the price of the acquisition, but Rancher was well funded, with a total of $95 million in investments. Rancher rides off into the SUSE-set after acquisition by Linux outfit OpenShift and Tanzu get a familiar-looking competitor. 5 Comments. Rancher Labs was funded with $10 million in 2015, $20 million in 2016, and $40 million in 2020. The deal is reportedly worth $600 million. Acquisition Price: Financial terms not disclosed Acquisition Date: July 10, 2020 Tech startup Stitch Labs was founded in 2011 by Brandon Levey, Jake Gasaway, and Michelle Laham. Rancher Labs General Information Description. Acquisition Details Rancher Labs, a privately-held open-source company, and Suse, the largest independent open-source software company and … rssfed23 3 hours ago. LONDON and CUPERTINO, Calif. 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. They have not released the details as to the price of the purchase. reply. “The acquisition of Rancher Labs is a tactical value play that aims to ease and simplify the deployment and management of SUSE’s container solutions and services,” said King. 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 … Open-source enterprise software giant SUSE Group today said it has completed the acquisition of Kubernetes management startup Rancher Labs Inc.. Like similar companies, Rancher’s original focus was first on Docker infrastructure before it pivoted to putting its emphasis on Kubernetes, once that became the de facto standard for container orchestration. reply. Rancher Labs is an open-source company founded in 2014 to develop technologies for managing container operations. Today, with the close of our acquisition of Rancher Labs, we are releasing the power to innovate everywhere – from the data center, to the cloud, to the edge, and beyond. Rancher Labs was founded in 2014 and has 30,000 active teams. LICENSE AND PRICE Blog. It has over 80 million downloads and . reply. Rancher Labs, a privately-held open-source company, and Suse, the largest independent open-source software company and a leader in enterprise Linux, shared close ties from earlier open-source activities. The acquisition of Rancher is the first step in SUSE’s inorganic growth strategy since its acquisition by EQT VIII SCSp from MicroFocus in March 2019. 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