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  1. #1
    WHT-BR Top Member
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    [EN] Red Hat Buys Inktank To Beef Up Its Cloud Storage Offerings

    RALEIGH, N.C.--(BUSINESS WIRE)--

    Red Hat, Inc. (RHT), the world's leading provider of open source solutions, today announced that it has signed a definitive agreement to acquire Inktank, a leading provider of scale-out, open source storage systems. Inktank’s flagship technology, Inktank Ceph Enterprise, delivers world class object and block storage software to enterprises deploying public or private clouds, including many early adopters of OpenStack clouds. Combined with Red Hat’s existing GlusterFS-based storage offering, the addition of Inktank positions Red Hat as the leading provider of open software-defined storage across object, block and file system storage.

    In a recently-published assessment of the software-defined storage market, IDC’s Ashish Nadkarni, the firm’s research director for Storage Systems wrote: "Software-defined platforms will continue to grow faster than any other market segment in the file- and object-based storage market. This growth will primarily be driven by a rich and diverse set of data-intensive use cases across multiple industries and geographies.”1

    Founded in 2012, Inktank’s main objective has been to drive the widespread adoption of Ceph, a scalable, open source, software-defined storage system that runs on commodity hardware. Ceph was developed by Inktank’s founder and chief technology officer, Sage Weil, and is a replacement for legacy storage systems and provides a unified solution for cloud computing environments. Inktank’s primary goal has been to help customers scale their storage to the exabyte-level and beyond in a cost-effective way. Inktank has provided customers with expertise, processes, tools and support with their enterprise subscription and service offerings. Inktank’s customers include Cisco, CERN and Deutsche Telekom, and its partners include Alcatel-Lucent and Dell. The company has offices in Los Angeles and San Francisco.

    Red Hat has agreed to acquire Inktank, a privately-held company, for approximately $175 million in cash, subject to certain adjustments at closing. As part of the transaction, Red Hat will assume unvested Inktank equity outstanding on the closing date and issue certain equity retention incentives. The transaction is expected to close in May 2014, subject to customary closing conditions.

    Red Hat does not anticipate that the transaction will have a material effect on its financial performance for the first quarter of its fiscal year ending February 28, 2015 (“fiscal 2015”). Red Hat is also reaffirming its fiscal 2015 guidance, provided on its March 27, 2014 earnings call, for revenue, non-GAAP operating margin, non-GAAP earnings per share and operating cash flow. Non-GAAP operating margin and EPS estimates exclude the impact of stock-based compensation and amortization of acquisition-related intangibles.

    Webcast

    Brian Stevens, executive vice president and chief technology officer, Red Hat, and Sage Weil, founder and chief technology officer, Inktank, will host a webcast to discuss this announcement today, April 30, 2014, at 12 p.m. EDT. Following remarks, press and analysts are invited to participate in a live question and answer session.

    To join the webcast or view the replay after the event, visit https://vts.inxpo.com/Launch/QReg.htm?ShowKey=19716.

    Supporting Quotes

    Sage Weil, founder and CTO, Inktank

    “With a shared commitment to open source, open standards and customer success, joining forces with Red Hat is something we are all very excited about. We believe our open storage technologies will be critical in the management of data in the coming era of cloud computing. Joining Red Hat will no doubt lead to tremendous innovation that will ultimately serve the industry well and answer the demand for open storage solutions fully integrated with existing and emerging data center architectures such as OpenStack.”

    Brian Stevens, executive vice president and CTO, Red Hat

    “We’re thrilled to welcome Inktank to the Red Hat family. They have built an incredibly vibrant community that will continue to be nurtured as we work together to make open the de facto choice for software-defined storage. Inktank has done a brilliant job assembling a strong ecosystem around Ceph and we look forward to expanding on this success together. The strength of these world-class open storage technologies will offer compelling capability as customers move to software-based scale-out storage systems.”
    http://finance.yahoo.com/news/red-ha...120000175.html

  2. #2
    WHT-BR Top Member
    Data de Ingresso
    Dec 2010
    Posts
    15,012

    Inktank was backed by Weil's second startup, DreamHost

    Red Hat on Wednesday announced that it was buying a 2-year-old startup called Inktank for $175 million.

    It's yet another amazing win for founder Sage Weil who launched into the tech world as a teenage programming genius back in the dot-com era.

    Inktank is the commercial arm of an open-source project called Ceph that Weil created for his doctorate at UC Santa Cruz. In 2012, he released Ceph to the world as a free and open-source project and fired up Inktank as a commercial company to offer paid support for Ceph.

    Inktank was backed by Weil's second startup, DreamHost. It also nabbed $1 million in seed money from another icon in the Linux and open-source world, Mark Shuttleworth, founder of Ubuntu. Not quite a year ago, it borrowed $13.4 million from an unnamed lender.

    Flash forward to today, and the company had about 50 employees in two offices, it said.

    So $175 million is a nice payday for the Inktank team, with about $14.4 million invested.

    It's Weil's third success. The first is a spectacular dot-com-era story, according to a story published about it some years ago by Josh Jones, the co-founder of Weil's second company, DreamHost.

    Weil created WebRing in 1994 when he was in high school. By college, it grew too big for him to manage, so he sold it to a company called Starseed in an all-stock deal.

    Starseed was soon sold to GeoCities for $3.5 million in stock. In the heat of the Internet bubble when valuations went crazy, Yahoo bought GeoCities for $3.57 billion in stock. By the time Weil was vested and could sell his Yahoo stock in 2000, Yahoo had essentially bought WebRing for a lot of money, according to Jones.

    UPDATE: We heard from Weil who wouldn't confirm the actual amount of money his Yahoo stock was worth, but said the $100 million his friend Jones quoted wasn't accurate.

    Weil joined his second startup, DreamHost, at age 18, before he sold WebRing, founding it with some college friends with no money and a single PC to use as a server, the company says on its website. It's a Web-hosting company that's still going strong today.

    Inktank wasn't the first open-source storage software startup Red Hat bought. In 2011, it bought Gluster, for $136 million in cash. But Ceph's star was rising and companies were starting to choose it over Gluster, GigaOm's Barb Darrow reported.

    Ceph is software that allows companies to use low-cost, commodity storage devices like ordinary PC disk drives, to store a lot of data. They can string them together to form something called a cluster so that a lot of inexpensive small disks act like one large one. And then, because everything is controlled in software, it can do sophisticated things, like "self-healing" meaning it can find and fix problems automatically.

    Ceph is part of a bigger trend in the industry called "software-defined storage" competing with expensive storage systems from companies like EMC or NetApp.

    At just 2 years old, Inktank already had some impressive customers like Cisco, CERN, Deutsche Telekom and Best Buy. Its partners include Alcatel-Lucent and Dell.

    Red Hat plans to combine Gluster with Ceph and take on the storage industry giants.

    For Weil, it represents another feather in an already impressive hat.
    Read more: http://www.businessinsider.com/guy-s...or-175m-2014-4

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