Red Hat to Acquire Kubernetes Startup CoreOS for $250 million

Red Hat to Acquire Kubernetes Startup CoreOS for $250 million Image Credit: Red Hat

Red Hat has signed an agreement to acquire CoreOS, an innovator and leader in Kubernetes and container-native solutions in a $250 million deal.

Red Hat said this will further its vision of enabling customers to build any application and deploy them in any environment with the flexibility afforded by open source.

By combining CoreOS’s complementary capabilities with Red Hat’s already broad Kubernetes and container-based portfolio, including Red Hat OpenShift, Red Hat aims to further accelerate adoption and development of the industry’s leading hybrid cloud platform for modern application workloads.

As applications move to hybrid and multicloud environments, a growing number of organizations are using containers to more easily build, deploy and move applications to, from, and across clouds. 

Founded in 2013, CoreOS is the creator of CoreOS Tectonic, an enterprise-ready Kubernetes platform that provides automated operations, enables portability across private and public cloud providers, and is based on open source software. It also offers CoreOS Quay, an enterprise-ready container registry.

Red Hat was early to embrace containers and container orchestration and has contributed deeply to related open source communities, including Kubernetes, where it claims as the second-leading contributor behind only Google.

Paul Cormier, President, Products and Technologies, Red Hat
The next era of technology is being driven by container-based applications that span multi- and hybrid cloud environments, including physical, virtual, private cloud and public cloud platforms. Kubernetes, containers and Linux are at the heart of this transformation, and, like Red Hat, CoreOS has been a leader in both the upstream open source communities that are fueling these innovations and its work to bring enterprise-grade Kubernetes to customers. 

Alex Polvi, CEO, CoreOS 
Red Hat and CoreOS’s relationship began many years ago as open source collaborators developing some of the key innovations in containers and distributed systems, helping to make automated operations a reality. 

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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