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 … SUSE and the SUSE logo are registered trademarks of SUSE LLC in the United States and other countries. All third-party trademarks are the property of their respective owners. The start-up has raised $95 million from Mayfield, Nexus Venture Partners, Telstra Ventures and other investors. 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. Rancher also offers its own small distribution of the Linux operating system. SUSE and Rancher, in collaboration with a broad open source community, bring the best of innovation and stability for the enterprise. "So far we haven't spent two-thirds of it," Liang said of the $95 million. 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. 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. 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. "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. Just as Rancher made computing everywhere a possibility for our customers, with SUSE, we will empower our customers to innovate … 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. Di Donato underscores these points. “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’. 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 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 particular, some companies that compete with Amazon in retail and other areas, such as Walmart, are reluctant to use Amazon's market-leading cloud. 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. For more information, visit www.suse.com. All Rights Reserved. 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. I couldn't be more excited about our future and what this means for our customers around the world. Rancher was founded in 2014 and is based in Cupertino, California, with more than 200 employees listed on LinkedIn. 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. 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. We weren't burning money.". The transaction suggests that even during a recession, demand remains high for technology that can enable companies to operate more efficiently. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 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