Red Hat Acquires Data Management Platform NooBaa

Red Hat - Noobaa

Carolina headquartered Red Hat has announced the acquisition of Israel-based NooBaa, the cloud-based data management company. The financial terms of the deal have not been disclosed by both the parties. Notably, Red Hat itself has been acquired by IBM for a $34 billion which still has not been closed.

NooBaa was started by Guy Margalit and Yuval Dimnik in 2013 and it has raised funds from Jerusalem Venture Partners, OurCrowd and Akamai Capital had also infused a decent amount of sum in the company. The amount secured by the firm was never disclosed. The Tel Aviv-based company helps enterprises manage their data through a single API. The technology of the firm helps companies brings data silos together which helps organizations view the data across multiple environments.

Red Hat's VP and general manager for storage and hyper-converged infrastructure Ranga Rangachari talking about the deal said, “NooBaa’s technologies will augment our portfolio and strengthen our ability to meet the needs of developers in today’s hybrid and the multi-cloud world."

Talking further he said that they were thrilled to be partnering with the NooBaa tech team. We are thrilled to welcome a technical team of nine to the Red Hat family as we work together to further solidify Red Hat as a leading provider of open hybrid cloud technologies," Rangachari said.

Notably, Red Hat has already few of the very good cloud-based hybrid tools like OpenShift and the OpenShift Container Platform along with Ceph Storage service. With the inclusion of NooBaa the company is moving forward in their aim of becoming a leader in the hybrid cloud segment.


Image Courtesy : Redhat

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