Whereas I think it sux. RH has been a major PITA to work with lately. They're getting too big for their shorts and this does not bode well for FOSS. <div><br></div><div>IMHO, YMMV.<br><br><div class="gmail_quote">On Wed, Oct 5, 2011 at 9:06 AM, Scott McCarty <span dir="ltr"><<a href="mailto:scott.mccarty@gmail.com">scott.mccarty@gmail.com</a>></span> wrote:<br>
<blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex;">I don't usually post to Colug, but this is really cool info!!!!<br>
<br>
<br>
----- Forwarded Message -----<br>
From: "Kerri Catallozzi" <<a href="mailto:kcatallo@redhat.com">kcatallo@redhat.com</a>><br>
To: <a href="mailto:media-monitor@redhat.com">media-monitor@redhat.com</a><br>
Sent: Tuesday, October 4, 2011 8:36:03 AM<br>
Subject: Press Release: Red Hat to Acquire Gluster<br>
<br>
10/4/11<br>
Business Wire<br>
<br>
Red Hat to Acquire Gluster<br>
<br>
* Ushers in New Era of Software-Based Open Storage Platforms to Unify<br>
On-Premise and Cloud<br>
* Adds Scale-Out Management of Unstructured Data to Red Hat Portfolio<br>
with Gluster’s Disruptive Open Source Storage Solutions<br>
<br>
RALEIGH, N.C.--(BUSINESS WIRE)--Red Hat, Inc. (NYSE: RHT), the world's<br>
leading provider of open source solutions to the enterprise, today<br>
announced that it has signed a definitive agreement to acquire Gluster,<br>
Inc., a leading provider of scale-out, open source storage solutions for<br>
standardizing the management of unstructured data. With this<br>
acquisition, Red Hat will define a new baseline for how enterprise IT<br>
manages the explosion of big data, whether deployed on-premise or<br>
spanning into the public cloud. Red Hat is expanding into a critical<br>
part of enterprise infrastructure, enabling it to deliver open storage<br>
solutions that protect customer investments as they approach the new era<br>
of computing.<br>
<br>
“The explosion of big data and the new paradigm of cloud computing are<br>
converging, forcing IT to re-think storage investments that are<br>
cost-effective, manageable and scale for the future,” said Brian<br>
Stevens, CTO and vice president, Worldwide Engineering at Red Hat. “Our<br>
customers are looking for software-based storage solutions that manage<br>
their file-based data on-premise, in the cloud and bridging between the<br>
two. With unstructured data growth (such as log files, virtual machines,<br>
email, audio, video and documents), the 90's paradigm of forcing<br>
everything into expensive, single-system DBMS residing on an internal<br>
corporate SAN has become unwieldy and impractical.”<br>
<br>
Founded in 2005, Gluster's goal was to simplify storage using open<br>
source software and commodity hardware. The heart of Gluster is<br>
GlusterFS, a software-only, scale-out storage system. It allows<br>
enterprises to combine large numbers of commodity storage and compute<br>
resources into a high-performance, centrally-managed and<br>
globally-accessible storage pool. By combining commodity economics with<br>
a scale-out approach, customers can deploy abundant storage without<br>
compromising on cost, performance and manageability. Gluster has emerged<br>
as an innovative open source leader, relied upon by companies such as<br>
Pandora, Box.net and Samsung to efficiently manage large volumes of data.<br>
<br>
"We are extremely pleased to be joining Red Hat," said AB Periasamy,<br>
co-founder and CTO of Gluster. "We believe this is a perfect combination<br>
of technologies, strategies and cultures and is a great development for<br>
our customers, employees, investors and community. Gluster started off<br>
with a goal to be the Red Hat of storage. Now, we are the storage of Red<br>
Hat.”<br>
<br>
"Enterprises and service providers have struggled to manage their<br>
rapidly expanding unstructured data stores with conventional storage<br>
systems," said Henry Baltazar, senior analyst of The 451 Group. "The<br>
scale out storage technology and expertise Red Hat is gaining from the<br>
acquisition of Gluster will serve as a powerful foundation for future<br>
public, private and hybrid storage clouds."<br>
<br>
Red Hat has agreed to acquire Gluster, a privately-held company, for<br>
approximately $136 million in cash. As part of the transaction, Red Hat<br>
will also assume unvested Gluster equity outstanding on the closing date<br>
and issue certain equity retention incentives. The transaction is<br>
expected to close in October, subject to customary closing conditions.<br>
<br>
The acquisition is expected to have no material impact to Red Hat’s<br>
revenue this fiscal year but should begin to grow next year based on a<br>
subscription revenue model. Red Hat is reaffirming its Q3 and fiscal<br>
2012 guidance, provided on its September 21, 2011 earnings call, for<br>
revenue, non-GAAP operating margin, non-GAAP earnings per share and<br>
operating cash flow, assuming the exchange rates of September 20, 2011<br>
identified on the call. Non-GAAP operating margin and EPS estimates<br>
exclude the impact of stock-based compensation and amortization of<br>
acquisition-related intangibles. Stock-based compensation and<br>
amortization expenses are estimated to increase by $1 million and $2<br>
million, respectively, per quarter.<br>
<br>
“Industry analysts estimate the total addressable market for<br>
unstructured data storage at approximately $4 billion and growing. This<br>
is an exciting new area of potential growth for Red Hat and one in which<br>
we intend to invest aggressively,” said Charlie Peters, EVP and CFO of<br>
Red Hat. “While we expect Red Hat's operating income to continue to grow<br>
nicely next year based on revenue growth, we expect that non-GAAP<br>
operating margin for fiscal year 2013 could be approximately 150 basis<br>
points lower than fiscal 2012 as we make additional investments to help<br>
realize Gluster's potential. At that level, Red Hat's operating margin<br>
will still be among the highest compared to other high-growth software<br>
companies when they were at the $1 billion revenue stage,” he added. Red<br>
Hat expects to offer additional guidance for fiscal year 2013 on its<br>
fourth quarter earnings call.<br>
<br>
To learn more about this announcement, join Red Hat and Gluster<br>
executives for a webcast that will broadcast live at 12pm ET on October<br>
4, 2011. To join the live webcast or to watch the replay, visit<br>
<a href="http://www-waa-akam.thomson-webcast.net/us/dispatching/?event_id=a91698cb4345fbc4096be08519bb66f3&portal_id=af9b227bf07c733390c2738ee0330646" target="_blank">http://www-waa-akam.thomson-webcast.net/us/dispatching/?event_id=a91698cb4345fbc4096be08519bb66f3&portal_id=af9b227bf07c733390c2738ee0330646</a>.<br>
<br>
For more information about Red Hat, visit <a href="http://www.redhat.com" target="_blank">www.redhat.com</a>. For more news,<br>
more often, visit <a href="http://www.press.redhat.com" target="_blank">www.press.redhat.com</a>.<br>
<font color="#888888"><br>
<br>
<br>
<br>
--<br>
Kerri Catallozzi<br>
Red Hat Corporate Marketing<br>
Public Relations<br>
o: <a href="tel:919.754.4268" value="+19197544268">919.754.4268</a><br>
c: <a href="tel:919.801.8264" value="+19198018264">919.801.8264</a><br>
<br>
<br>
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