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Red Hat is being acquired by IBM for a significant $ 34 billion, but this agreement has not yet been finalized and, in the meantime, Red Hat is still operating independently and also making its own acquisitions. As announced today, it has acquired NooBaa, a start-up company based in Tel-Aviv, which helps companies manage their data more easily and access their various data providers via a single API.
NooBaa's technology is a perfect fit for Red Hat, which recently highlighted its ability to help organizations more effectively manage their hybrid and multilayer deployments. NooBaa is essentially about bringing together various data silos, which should make it an essential part of Red Hat's portfolio. With OpenShift and the OpenShift Container Platform and its Ceph Storage service, Red Hat already offers a range of hybrid cloud tools.
"NooBaa's technologies will increase our portfolio and strengthen our ability to meet the needs of developers in today's hybrid and multilayered world," said Ranga Rangachari, vice president and general manager of hyperconverged storage and infrastructure today. Red Hat. "We are delighted to welcome a technical team of nine to the Red Hat family as we work together to further strengthen Red Hat as a leading provider of open hybrid cloud technologies."
Although virtually all Red Hat technology is open source, the NooBaa code is not. The company has announced its intention to open source NooBaa technology in time, although the exact timing has not yet been determined.
NooBaa was founded in 2013. The company has raised venture capital funds from companies like Jerusalem Venture Partners and OurCrowd, with a strategic investment from Akamai Capital thrown in for good measure. However, the company has never disclosed the size of this cycle and neither Red Hat nor NooBaa disclose the financial terms of the acquisition.
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