In the past few years, with the rise of start-ups such as Docker, containers became a trendy alternative to more traditional virtualization technology for running applications on each computer server in a company data center. Two people familiar with the deal say SUSE is paying at least $600 million. SUSE is about a year older than Red Hat. A shared commitment to the true ethos of open source and the greater community is what brought these independent companies together, and what will set SUSE apart as IT leaders across the globe evaluate options for business transformation. SUSE (/ ˈ s uː z ə / SOO-zə) is a German-based, multinational, open-source software company that develops and sells Linux products to business customers. SUSE is a global leader in true open source innovation, collaborating with partners, communities and customers to deliver and support robust open source software solutions. These forward-looking statements are subject to change and should not be relied upon as representing the Company’s views as of any date other than the date of this press release. We weren't burning money.". SUSE and Rancher’s mutual customers and partners agree. In March 2019 EQT bought SUSE from Micro Focus for $2.5 billion. SUSE puts the “open” back in open source, giving customers the agility to tackle innovation challenges today and the freedom to evolve their strategy and solutions tomorrow. Talks between the companies began in the spring, and the process became competitive with additional bids, Ursheet Parikh, a partner at Rancher backer Mayfield Fund, told CNBC on Tuesday. In July, we announced SUSE's intent to acquire Rancher Federal, and now that the acquisition is final, today we embark on a new journey with SUSE.We couldn't be more excited about our future and what this means for our customers around the world. All rights reserved. All third-party trademarks are the property of their respective owners. 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. 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. Last year, former Salesforce and SAP executive Melissa Di Donato replaced Nils Brauckmann as SUSE's CEO. In my experience, SUSE and Rancher are good examples and willing and able to work to deploy and service technology solutions that are truly designed to meet the needs of our business and that is incredibly refreshing,” said Frank Strecker, SVP, public cloud managed services and big data at T-Systems. SUSE also saw a 21% increase year over year in customer deals worth more than $1 million. People have downloaded it over 100 million times, the company said in March, and it claimed annualized revenue growth of 169% in 2019 without specifying a dollar amount. That deal has now closed for acquiring the Kubernetes focused cloud company. SUSE and Rancher, in collaboration with a broad open source community, bring the best of innovation and stability for the enterprise. The acquisition of Rancher will undoubtedly fuel comparisons between SUSE’s Kubernetes solution and OpenShift, Red Hat’s own container platform. The companies haven't finalized integration plans as the deal still faces regulatory approval. SUSE’s acquisition of Rancher Labs places the Germany-based open-source software program firm in a a lot stronger place to supply versatile, edge-based providers to its clients, based on an analyst at IDC. 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 announced it has closed the acquisition of Rancher Labs. SUSE, backed by a strong 28-year history and dedication to open source innovation, powers mission-critical applications and systems and is embedded in many devices like automobiles and medical devices around the world. 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. VMware COO: We must own the container movement in digital transformation, VMware COO: It's our 'birthright' to own the container movement in digital transformation. SUSE’s $600 million (USD) acquisition of Rancher Labs means that the Kubernetes market is heading towards a major decision-point between freedom of choice and solutions tied to an enterprise Linux distribution and its agenda. Our independent approach gives customers the agility to tackle workflow challenges today, and the freedom to evolve their IT strategy and solutions tomorrow.”. SUSE, the world's largest independent open source company, has entered into a definitive agreement to acquire Rancher Labs. "Rancher and SUSE will help organizations control their cloud native futures," said Sheng Liang, Rancher CEO. Rancher CEO Sheng Liang said: “After the acquisition closes later this year, I will lead the combined engineering and innovation organization at SUSE. SUSE has announced that it has closed the acquisition of Rancher Labs. 5 Comments Back in July SUSE announced its intention to acquire Rancher Labs. SUSE and the SUSE logo are registered trademarks of SUSE LLC in the United States and other countries. A Division of NBCUniversal. 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. Di Donato underscores these points. The start-up has raised $95 million from Mayfield, Nexus Venture Partners, Telstra Ventures and other investors. "The Rancher acquisition allows SUSE to support containerized workloads more effectively across on-premises, public cloud and edge environments based on OSS," said Arun Chandrasekaran, a Gartner analyst. Amazon, Microsoft and other cloud providers came out with services that developers can use to place code in containers, and in 2017 SUSE introduced its own service for managing containers. SUSE, a major Linux and cloud company, has announced it will acquire Rancher Labs. 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. The acquisition of Rancher is the first step in SUSE’s inorganic growth strategy since becoming a fully independent software company in March 2019. What we can say is that SUSE believes its expertise in enterprise Linux, AI and edge computing will benefit from Rancher’s Kubernetes management stack. With no vendor lock-in or limits on where computing takes place, enterprises can seamlessly innovate across their business from the edge to the core to the cloud. 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 … SUSE, the open source software company behind the SUSE Linux distribution, has agreed to acquire Rancher Labs, an enterprise Kubernetes management platform provider, the two companies announced this week.German-based SUSE will acquire Cupertino, Calif.-based Rancher for an undisclosed amount. Rancher's core software draws on the Kubernetes container management software that Google released under an open-source license in 2014. The Company does not have any obligation to update its forward-looking statements. With our powerful and modular approach to open source software, our customers can count on reliability and unmatched agility to innovate everywhere – from the data center, to the cloud, to the edge and beyond.”, Innovate Everywhere through the Power of Many. I couldn't be more excited about our future and what this means for our customers around the world. SUSE’s acquisition of Rancher Labs puts the Germany-based open-source software company in a much stronger position to offer flexible, edge-based services to its customers, according to an analyst at IDC. Rancher was recently named a leader in The Forrester Wave™: Multicloud Container Development Platforms, Q3 2020 report and delivers open source software that enables organizations to deploy and manage Kubernetes at scale, on any infrastructure across the data center, cloud, branch offices and the network edge. Based in Cupertino, Rancher is a privately held open-source company with … In July, I announced SUSE's intent to acquire Rancher Labs, and now that the acquisition is final, today we embark on a new journey with SUSE. SUSE, a Linux distribution company controlled by private equity firm EQT, has agreed to acquire Rancher Labs, a start-up with technology that helps organizations run software in virtual containers across many servers. "That kind of gives you an idea of how efficient we've really been. Copyright 2020 SUSE LLC. SUSE’s acquisition of Rancher Labs puts the open source software vendor in a much stronger position to offer flexible, edge-based services to customers, according to an analyst at IDC. 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. SUSE most recently announced a successful fourth quarter which saw continued global growth. SUSE, a major Linux and cloud company, finalized its acquisition of Rancher Labs earlier this year.. Rancher, formerly a privately held open-source company, had over 37,000 active users and 100-million downloads of its flagship Kubernetes management program, Rancher. Get this delivered to your inbox, and more info about our products and services. SUSE completes acquisition of Rancher Labs. Two people familiar with the deal said SUSE is paying $600 million to $700 million. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. SUSE is putting Red Hat and other Kubernetes powerhouse companies on notice that they mean to be a Kubernetes… “Together, we are committed to making a significant impact on enterprise business across the globe, supporting each and every customer as they navigate cloud solutions and modernize infrastructure in a way that makes sense for their workflows.”, Bringing the ‘Open’ Back to ‘Open Source’. 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