SUSE to be acquired by EQT VIII for $2.5 billion
In an unexpected announcement SUSE declared it will change hands from Micro Focus to EQT. SUSE is a major player in the Linux industry providing its customers with many offerings ranging from Operating Systems and Containers, to Storage and Cloud.
Over the years SUSE has changed hands a total of three times up until now:
- In 2004 by Novell
- In 2010, Attachmate purchased Novell
- In 2014, Micro Focus purchased Attachmate and SUSE became a semi-independent division.
The acquisition is expected to become effective early in 2019. The new SUSE will retain its current CEO, Nils Brauckmann, and (hopefully) its principles including Open Source commitment.
SUSE, a pioneer in open source software, provides reliable, software-defined infrastructure and application delivery solutions that give enterprises greater control and flexibility. More than 25 years of engineering excellence, exceptional service and an unrivaled partner ecosystem power the products and support that help our customers manage complexity, reduce cost, and confidently deliver mission-critical services.
SUSE is a 25 years old Linux company, its flagship product is SUSE Linux Enterprise Server. Its current offering includes an OpenStack distribution, a SDS system based on Ceph and many others. SUSE is also prominently used alongside HPE and IBM products.
SUSE believes the acquisition is well timed as the market driven need for digital transformation, built on open source software-defined infrastructure (SDI) and application delivery technologies, is increasing. Organizations are invariably increasing their focus on open source technologies and solutions to transform their businesses.
EQT is a leading investment firm with approximately EUR 50 billion in raised capital across 27 funds. EQT has portfolio companies in Europe, Asia and the US with total sales of more than EUR 19 billion and approximately 110,000 employees.
EQT has a unique industrial approach and is a growth and development focused owner with a strong record of successful investments in a variety of sectors, using a diversified network of industrial advisors globally. More specifically, within Software, EQT is currently invested in IFS, Sitecore and until 2017 in Automic.
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