We want to hear from you. Based in Cupertino, Rancher is a privately held open-source company with … That lets it appeal to companies that don't want to be stuck using one cloud. Disclosure: Comcast is the owner of NBCUniversal, parent company of CNBC. The acquisition of Rancher is the first step in what SUSE calls its "inorganic … VMware COO: We must own the container movement in digital transformation, VMware COO: It's our 'birthright' to own the container movement in digital transformation. SUSE has decided to buy Kubernetes-wrangler Rancher Labs. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. The companies haven't finalized integration plans as the deal still faces regulatory approval. SUSE’s market leading Linux, Kubernetes, container and cloud offerings enable customers to innovate everywhere – from the data center, to the cloud, to the edge and beyond. Together, the two companies will develop solutions that address today’s complexity for enterprises with a focus on new innovations in edge computing. SUSE, the open source software company behind the SUSE Linux distribution, has agreed to acquire Rancher Labs, an enterprise Kubernetes management platform provider, the two companies announced this week.German-based SUSE will acquire Cupertino, Calif.-based Rancher for an undisclosed amount. Rancher was founded in 2014 and is based in Cupertino, California, with more than 200 employees listed on LinkedIn. SUSE’s acquisition of Rancher Labs puts the Germany-based open-source software company in a much stronger position to offer flexible, edge-based services to its customers, according to an analyst at IDC. SUSE was founded in 1992 and has operated under Novell and other owners over the years. SUSE and Rancher – Enabling our Customers to Innovate Everywhere. 1-800-796-3700, recently announced a successful fourth quarter, SUSE Linux Enterprise Server for IBM Z and LinuxONE, SUSE Linux Enterprise Server for SAP Applications, SUSE Linux Enterprise Server for High Availability Extension, SUSE Linux Enterprise for High Availability Geo Clustering, SUSE Linux Enterprise High Performance Computing. In March 2019 EQT bought SUSE from Micro Focus for $2.5 billion. “Only SUSE and Rancher will provide the vision and expertise to power the future of the enterprise. These forward-looking statements are subject to change and should not be relied upon as representing the Company’s views as of any date other than the date of this press release. All rights reserved. In addition, any forward-looking statements included herein represent views as of the date of this press release and these views could change. Rancher's customers include American Express, Comcast, Deutsche Bahn and Viasat. What we can say is that SUSE believes its expertise in enterprise Linux, AI and edge computing will benefit from Rancher’s Kubernetes management stack. Only SUSE and Rancher deliver a truly open approach to open source software that can respond to the ever evolving, digital needs of the UK citizen in a rapid and consistent way,” said Jason Daniels, CTO, Law & Order Portfolio at Fujitsu. As Rancher is privately held neither party is discussing money. With our powerful and modular approach to open source software, our customers can count on reliability and unmatched agility to innovate everywhere – from the data center, to the cloud, to the edge and beyond.”, Innovate Everywhere through the Power of Many. SUSE is the rare major open-source company that doesn't operate its own cloud infrastructure, Liang said, contrasting it with IBM's Red Hat, for example. The transaction suggests that even during a recession, demand remains high for technology that can enable companies to operate more efficiently. It also follows SUSE’s strong fiscal momentum – most recently with SUSE reporting an excellent second quarter of its fiscal year 2020 , which saw ACV (annual contract value) bookings increase 30% year over year and global cloud … SUSE, a major Linux and cloud company, has announced it will acquire Rancher Labs. SUSE is about a year older than Red Hat. The acquisition of Rancher is the first step in SUSE’s inorganic growth strategy since becoming a fully independent software company in March 2019. SUSE, a major Linux and cloud company, finalized its acquisition of Rancher Labs earlier this year.. Rancher, formerly a privately held open-source company, had over 37,000 active users and 100-million downloads of its flagship Kubernetes management program, Rancher. Amazon, Microsoft and other cloud providers came out with services that developers can use to place code in containers, and in 2017 SUSE introduced its own service for managing containers. They added that the combined company will bring together a best-in-class Linux operating system, a market-leading Kubernetes management platform, and a host of pioneering edge capabilities that will give enterprises the power to innovate everywhere. The combined company brings together a best-in-class Linux operating system, a market-leading Kubernetes management platform, and a host of pioneering edge capabilities that will give enterprises the power to innovate everywhere. SUSE, backed by a strong 28-year history and dedication to open source innovation, powers mission-critical applications and systems and is embedded in many devices like automobiles and medical devices around the world. All Rights Reserved. “I knew SUSE was the right company for us because of our shared ethos, viewpoint and philosophy of open source driving value to business leaders,” said Sheng Liang, former Rancher CEO and, as of today, the new President of Engineering and Innovation at SUSE. 5 Comments Back in July SUSE announced its intention to acquire Rancher Labs. Just as Rancher made computing everywhere a possibility for our customers, with SUSE, we will empower our customers to innovate … Let us know so we can fix it. In particular, some companies that compete with Amazon in retail and other areas, such as Walmart, are reluctant to use Amazon's market-leading cloud. Got a confidential news tip? Data is a real-time snapshot *Data is delayed at least 15 minutes. For more information, visit www.suse.com. “We have historically delivered innovative solutions that anticipate what enterprises need, and today with Rancher, we are set to make history again. Last year, former Salesforce and SAP executive Melissa Di Donato replaced Nils Brauckmann as SUSE's CEO. SUSE Completes Acquisition of Rancher Labs December 3, 2020 LONDON and CUPERTINO, Calif., Dec. 3, 2020 -- SUSE, a global leader in true open source innovation, has announced it has closed the acquisition of Rancher Labs, a market leader in Kubernetes management. The acquisition of Rancher will undoubtedly fuel comparisons between SUSE’s Kubernetes solution and OpenShift, Red Hat’s own container platform. "That kind of gives you an idea of how efficient we've really been. We weren't burning money.". Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including competitive landscape, development of customer deals, reliance upon customer relationships, management of growth and acquisitions, the possibility of undetected software issues, the risks of impacts of the Covid-19 pandemic and economic downturns, pricing pressures and the viability of the Internet. People have downloaded it over 100 million times, the company said in March, and it claimed annualized revenue growth of 169% in 2019 without specifying a dollar amount. The future of cloud-native software is not opinionated, prescriptive monoliths, but flexible vendor-agnostic architectures built to serve each customer’s unique mission. SUSE, a Linux distribution company controlled by private equity firm EQT, has agreed to acquire Rancher Labs, a start-up with technology that helps organizations run software in … “Our customers have made it clear they want powerful technology that is both leading-edge and reliable to accelerate business transformation,” said SUSE CEO Melissa Di Donato. Copyright 2020 SUSE LLC. The combined company brings together a best-in-class Linux operating system, a market-leading Kubernetes management platform, and a host of pioneering edge capabilities that will give enterprises the power to innovate everywhere. “Some open source companies are more open than others. "The Rancher acquisition allows SUSE to support containerized workloads more effectively across on-premises, public cloud and edge environments based on OSS," said Arun Chandrasekaran, a Gartner analyst. Suse announced it has closed the acquisition of Rancher Labs. SUSE’s acquisition of Rancher Labs places the Germany-based open-source software program firm in a a lot stronger place to supply versatile, edge-based providers to its clients, based on an analyst at IDC. The Company does not have any obligation to update its forward-looking statements. SUSE is putting Red Hat and other Kubernetes powerhouse companies on notice that they mean to be a Kubernetes… A Division of NBCUniversal. “We need to innovate in the data center and the cloud, and in order to be agile, we cannot commit to a single, heavy vertical stack. Founded in 1992, it was the first company to market Linux for the enterprise. “Together, we are committed to making a significant impact on enterprise business across the globe, supporting each and every customer as they navigate cloud solutions and modernize infrastructure in a way that makes sense for their workflows.”, Bringing the ‘Open’ Back to ‘Open Source’. I couldn't be more excited about our future and what this means for our customers around the world. The financial terms of the deal, announced in July, were not disclosed, but SUSE reportedly paid $600 million to $700 million to buy Rancher. Today, SUSE embarks on a new chapter in our incredible 28-year journey. "Rancher and SUSE will help organizations control their cloud native futures," said Sheng Liang, Rancher CEO. SUSE, the world's largest independent open source company, has entered into a definitive agreement to acquire Rancher Labs. SUSE completes acquisition of Rancher Labs. SUSE puts the “open” back in open source, giving customers the agility to tackle innovation challenges today and the freedom to evolve their strategy and solutions tomorrow. SUSE and the SUSE logo are registered trademarks of SUSE LLC in the United States and other countries. Two people familiar with the deal said SUSE is paying $600 million to $700 million. Sign up for free newsletters and get more CNBC delivered to your inbox. SUSE is a global leader in true open source innovation, collaborating with partners, communities and customers to deliver and support robust open source software solutions. In the past few years, with the rise of start-ups such as Docker, containers became a trendy alternative to more traditional virtualization technology for running applications on each computer server in a company data center. Rancher was recently named a leader in The Forrester Wave™: Multicloud Container Development Platforms, Q3 2020 report and delivers open source software that enables organizations to deploy and manage Kubernetes at scale, on any infrastructure across the data center, cloud, branch offices and the network edge. SUSE, a global leader in true open source innovation, today announced it has closed the acquisition of Rancher Labs, the market leader in Kubernetes management. It is the developer of SUSE Linux Enterprise and the primary sponsor of the community-supported openSUSE Project, which develops the openSUSE Linux distribution. SUSE and Rancher’s mutual customers and partners agree. SUSE to Acquire Rancher Labs, Creating World’s Largest Organization Exclusively Dedicated to Powering Digital Transformation With Open Source and Cloud Native Solutions. SUSE (/ ˈ s uː z ə / SOO-zə) is a German-based, multinational, open-source software company that develops and sells Linux products to business customers. The start-up has raised $95 million from Mayfield, Nexus Venture Partners, Telstra Ventures and other investors. Powers the Ability for Enterprises to Innovate Everywhere. With no vendor lock-in or limits on where computing takes place, enterprises can seamlessly innovate across their business from the edge to the core to the cloud. SUSE has announced that it has closed the acquisition of Rancher Labs. A shared commitment to the true ethos of open source and the greater community is what brought these independent companies together, and what will set SUSE apart as IT leaders across the globe evaluate options for business transformation. Talks between the companies began in the spring, and the process became competitive with additional bids, Ursheet Parikh, a partner at Rancher backer Mayfield Fund, told CNBC on Tuesday. Suse, which describes itself as “the world’s largest independent open source company,” today announced that it has acquired Rancher Labs, a company that has long focused on making it … Cloud ACV (annual contract value) bookings continued to thrive with 87% growth, achieving 15 consecutive quarters of year over year cloud ACV increase. This week, the acquisition officially closed, leaving Liang free to discuss his strategy for solving the Kubernetes deployment challenges that still face SUSE's base of large, traditional enterprise customers. For support information, please visit Support. There were "lots of Zoom calls," Parikh said. Any statements in this press release about future expectations, plans and prospects for the company, including statements containing the words “aims,” “targets,” “will,” “believes,” “anticipates,” “plans,” “expects,” and similar expressions, may constitute forward-looking statements and should be read with caution. Get this delivered to your inbox, and more info about our products and services. SUSE and Rancher, in collaboration with a broad open source community, bring the best of innovation and stability for the enterprise. In July, we announced SUSE's intent to acquire Rancher Federal, and now that the acquisition is final, today we embark on a new journey with SUSE.We couldn't be more excited about our future and what this means for our customers around the world. In the world of Kubernetes, Amazon, Google and Microsoft have not moved as quickly as more traditional information-technology companies, said Rancher CEO Sheng Liang, who sold Cloud.com to Citrix in 2011. SUSE, a global leader in true open source innovation, today announced it has closed the acquisition of Rancher Labs, the market leader in Kubernetes management. Our independent approach gives customers the agility to tackle workflow challenges today, and the freedom to evolve their IT strategy and solutions tomorrow.”. WATCH: VMware COO: It's our 'birthright' to own the container movement in digital transformation. LONDON and CUPERTINO, Calif., Dec. 1, 2020 /PRNewswire/ -- SUSE, a global leader in true open source innovation, today announced it has closed the acquisition of Rancher … That deal has now closed for acquiring the Kubernetes focused cloud company. Got some feedback about the website? Rancher also offers its own small distribution of the Linux operating system. The combined company brings together a Linux operating system, a Kubernetes management platform, and a host of edge capabilities that will give enterprises the power to innovate everywhere. © 2021 CNBC LLC. Yesterday’s exciting news about SUSE acquiring Rancher Federal and Rancher Labs isn’t any different. SUSE, a global leader in true open-source innovation, has closed the acquisition of Rancher Labs, the market leader in Kubernetes management. The companies announced the deal Wednesday but didn't disclose the terms. Rancher CEO Sheng Liang said: “After the acquisition closes later this year, I will lead the combined engineering and innovation organization at SUSE. SUSE, a global leader in true open source innovation, today announced it has closed the acquisition of Rancher Labs, the market leader in Kubernetes management. Rancher co-founder and CEO Sheng Liang based his business on addressing this problem, and announced he would sell it to Linux vendor SUSE in July. SUSE’s acquisition of Rancher Labs puts the open source software vendor in a much stronger position to offer flexible, edge-based services to customers, according to an analyst at IDC.
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