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M&A Deal Summary

Red Hat Acquires CoreOS

On January 30, 2018, Red Hat acquired software company CoreOS for 250M USD

Acquisition Highlights
  • This is Red Hat’s 17th transaction in the Software sector.
  • This is Red Hat’s 4th largest (disclosed) transaction.
  • This is Red Hat’s 27th transaction in the United States.
  • This is Red Hat’s 10th transaction in California.

M&A Deal Summary
Date 2018-01-30
Target CoreOS
Sector Software
Buyer(s) Red Hat
Deal Type Add-on Acquisition
Deal Value 250M USD

Target

CoreOS

San Francisco, California, United States
CoreOS, Inc. is a developer of major infrastructure software to securely run application containers anywhere. CoreOS is a provider in the Kubernetes community and creator of Tectonic, a secure and complete platform that extends Kubernetes with key enterprise features that ease container orchestration. CoreOS, Inc. was established in 2013 and is based in San Francisco, California.

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Buyer(S) 1

Buyer

Red Hat

Raleigh, North Carolina, United States
Category Company
Founded 1993
Sector Software
Employees8,800
Revenue 2.9B USD (2018)
DESCRIPTION
View of Red Hat's corporate headquarters in Raleigh, North Carolina.
View of Red Hat's corporate headquarters in Raleigh, North Carolina.

Red Hat is a provider of open source software solutions, using a community-powered approach to reliable and high-performing cloud, Linux, middleware, storage and virtualization technologies. Red Hat also offers support, training, and consulting services. Red Hat was formed in 1993 and is based in Raleigh, North Carolina.

DEAL STATS #
Overall 30 of 34
Sector: Software M&A 17 of 21
Type: Add-on Acquisition M&A Deals 29 of 33
State: California M&A 10 of 11
Country: United States M&A 27 of 30
Year: 2018 M&A 1 of 2
Size (of disclosed) 4 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-31 Permabit Technology

Cambridge, Massachusetts, United States

Permabit Technology Corp. is a developer of high-performance data efficiency software for storage manufacturers, ODMs, cloud service providers, data centers, software defined storage vendors and professional services organizations. Permabit Technology was founded in 2000 and is based in Cambridge, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-27 NooBaa

Boston, Massachusetts, United States

NooBaa, Inc. is a developer of software for managing data storage services across hybrid and multi-cloud environments. NooBaa, Inc. was founded in 2013 and is based in Boston, Massachusetts.

Buy -
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