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Micro Focus offloads Linux-wrangler SUSE for a cool $2.5bn


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#1 JohnC_21

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Posted 02 July 2018 - 03:47 PM

SUSE, a 25-year veteran of the Linux world, has been acquired by private equity outfit EQT after less than four years in the hands of former owner Micro Focus.

The deal, announced today, puts a price tag of $2.535bn on the enterprise open-sorcerers, should it be approved by Micro Focus shareholders and the relevant authorities.

SUSE was founded in 1992, emitting various flavours of Linux before its acquisition by Novell in 2003 for the tidy sum of $210m. Novell looked to its new penguin-flavoured friend to staunch the flow of red from its finances. Unfortunately, things didn't go entirely to plan, and the former network supremo was bought by Attachmate in 2011.

 

https://www.theregister.co.uk/2018/07/02/linux_makes_suse_sold_for_a_cool_2535bn/



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#2 Condobloke

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Posted 02 July 2018 - 09:13 PM

Interesting times......open source entities being gobbled up everywhere, by corp's with huge money.....

 

 

About SUSE
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. The lasting relationships we build allow us to adapt and deliver the smarter innovation they need to succeed – today and tomorrow.

 

About EQT
EQT is a leading investment firm with approximately EUR 50 billion in raised capital across 27 funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.


Condobloke ...Outback Australian  fed up with Windows antics...??....LINUX IS THE ANSWER....I USE LINUX MINT 18.3  EXCLUSIVELY.

“A man travels the world in search of what he needs and returns home to find it."

It has been said that time heals all wounds. I don't agree. The wounds remain. Time - the mind, protecting its sanity - covers them with some scar tissue and the pain lessens, but it is never gone. Rose Kennedy

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#3 JohnC_21

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Posted 02 July 2018 - 09:37 PM

Yeah, I'm not a fan of private equity companies.






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