Tuesday, January 30, 2018

Red Hat Shakes Up Container Ecosystem With CoreOS Deal

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The container craze on Linux platforms just took an interesting twist now that Red Hat is sheling out $250 million to acquire its upstart rival in Linux and containers, CoreOS.

As the largest and by far the most profitable open source software company in the world – it had $2.4 billion in sales in fiscal 2017, brought $253.7 million of that to the bottom line, and ended that fiscal year in February with a $2.7 billion subscription and services backlog – Red Hat has not been afraid to spend some money to get its hands on control of key open

Red Hat Shakes Up Container Ecosystem With CoreOS Deal was written by Timothy Prickett Morgan at The Next Platform.

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