April 30 Linux operating system vendor Red Hat
Inc said it will buy privately held storage systems
provider Inktank Ceph Enterprise for $175 million to expand in
the fast growing market for software-defined storage.
Inktank's open-source Ceph software helps its customers
replace legacy storage systems and increase the scale of their
Red Hat said it expected the purchase to be completed in May
this year. It also reaffirmed its 2015 outlook.
Inktank, founded in 2012, counts Cisco, CERN and
Deutsche Telekom as customers.
(Reporting by Soham Chatterjee; Editing by Rodney Joyce)