Red-Hat

Red Hat has agreed to acquire Inktank, a privately-held company, for approximately $175 million in cash, subject to certain adjustments at closing. The transaction is expected to close in May 2014, subject to customary closing conditions.

Founded in 2012, Inktank is the company behind Ceph, an open source, software-defined storage system that runs on commodity hardware. Ceph was developed by Inktank’s founder and chief technology officer, Sage Weil, and is a replacement for legacy storage systems. Inktankcustomers include Cisco, CERN and Deutsche Telekom, and its partners include Alcatel-Lucent and Dell. The company has offices in Los Angeles and San Francisco.