Red Hat to Buy Gluster for $136 Million, Add Open Source Storage
Posted by: admin under Public
Oct. 4 (Bloomberg) — Red Hat Inc., a provider of open source software and services, agreed to acquire closely held Gluster Inc. for about $136 million in cash to expand in Internet-based computing.
Red Hat’s third-quarter and full-year fiscal 2012 earnings forecast aren’t changed by the deal, the Raleigh, North Carolina-based company said in a statement today. Integrating Gluster may make Red Hat’s fiscal 2013 operating margin excluding some items 150 basis points lower than fiscal 2012.
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