M&A Deal Summary

Red Hat Acquires Neural Magic

On November 12, 2024, Red Hat acquired software company Neural Magic

Acquisition Highlights
  • This is Red Hat’s 20th transaction in the Software sector.
  • This is Red Hat’s 30th transaction in the United States.
  • This is Red Hat’s 6th transaction in Massachusetts.

M&A Deal Summary
Date 2024-11-12
Target Neural Magic
Sector Software
Buyer(s) Red Hat
Deal Type Add-on Acquisition

Target

Neural Magic

Somerville, Massachusetts, United States
Neural Magic provides software and algorithms that accelerate generative AI (gen AI) inference workloads. Neural Magic was formed in 2018 and is headquartered in Somerville, Massachusetts.

Search 200,388 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 33 of 33
Sector (Software) 20 of 20
Type (Add-on Acquisition) 32 of 32
State (Massachusetts) 6 of 6
Country (United States) 30 of 30
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-07 StackRox

Mountain View, California, United States

StackRox offers the industry’s first Kubernetes-native security platform which protects cloud-native apps across the full lifecycle build, deploy, and runtime. The StackRox software provides visibility across all Kubernetes clusters, by directly deploying lightweight components for enforcement and deep data collection into the Kubernetes cluster infrastructure, reducing the time and effort needed to implement security, and streamlining security analysis, investigation and remediation. StackRox was founded in 2014 and is based in Mountain View, California.

Buy -
Mergr

Product

Company

Legal