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US software company Red Hat, Inc., acquired by IBM last month for $ 34 billion, announced that it has acquired NooBaa, a Tel Aviv-based startup that is developing software to manage data storage services in hybrid and multilayer environments. The financial terms of the agreement have not been disclosed.
The addition of NooBaa's data management technology expands Red Hat's existing portfolio of hybrid cloud solutions and will further strengthen its position as "a leading provider of open hybrid cloud technologies," the US-based company announced today. a press release announcing the acquisition.
Cloud technology is moving towards hybrid and multilayer clouds, according to a report by industry badyst Gartner, which predicts that by 2020, 75 percent of companies will have deployed a hybrid or multilayer cloud model. The hybrid cloud is a mixture of public cloud, which is usually a cloud service offered over the Internet, and a private cloud, designed specifically for a customer.
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NooBaa was founded in 2013 by Yuval Dimnik, its CEO, and Guy Margalit, Eran Tamir and Nimrod Becker. Akamai Technologies Inc., a US provider of cloud services, and Israeli venture capital funds OurCrowd and Jerusalem Venture Partners (JVP) are the leading investors and venture capitalists, according to the company's website.
CEO and co-founder of NooBaa, Yuval Dimnik (screenshot of YouTube screen)
The software solution driven by NooBaa brings agility, flexibility and hybrid capabilities to cloud platforms, says its website. Its technology allows the portability of data from one cloud to another and also allows the data stored in multiple locations to be managed in a single consistent data set. This provides better visibility and control over unstructured data spread across a variety of cloud environments, the Red Hat statement said.
NooBaa's technologies "round out and enhance" Red Hat's hybrid cloud technology portfolio, the company said.
"Data portability is a critical requirement for companies building and deploying native cloud applications across private and multiple clouds," said Ranga Rangachari, vice president and general manager, Red Hat Hyperconverged Storage and Infrastructure. . "NooBaa's technologies will increase our portfolio and strengthen our ability to meet the needs of developers in the hybrid and multilayer world of today."
Last month, IBM agreed to acquire Red Hat for $ 34 billion as part of the largest software contract ever made.
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