Permabit Technology Corporation

History

2017: Acquisition by Red Hat company

On August 2 the Red Hat company, solution provider open source, announced purchase of technologies and company assets of Permabit Technology Corporation. The technologies purchased by Red Hat as a result of the transaction will be a part of Red Hat Enterprise Linux and will expand possibilities of corporate Linux distribution kit in the field of digital transformation of the enterprise at the expense of means for data storage.

With acquisition of Permabit technologies the Red Hat company had an opportunity to include the developed means of deduplication and data compression in structure of the solutions for creation of hybrid cloud environments and DWH, such as Red Hat OpenStack Platform, Red Hat OpenShift Container Platform and Red Hat Storage.

Following the principle of completely open code and cooperation with community of developers, Red Hat is going to open the source code of Permabit technologies. As a result customers will receive the uniform, completely open and provided with support of the corporate level platform for data storage which will succeed separate tool kit or highly specialized and badly supported operating systems.

By Red Hat estimates, purchase of Permabit should not have significant effect on financial results of the company according to the results of the second quarter (comes to an end for the company on August 31, 2017) and taxable year (comes to an end on February 28, 2018).

At implementation of technologies of digital transformation, such as clouds, Linux containers and hyper convergent infrastructures, corporate customers need to review the views of a number of technological solutions, especially regarding data storage to provide the greatest possible efficiency of evolution of business. Having included technologies of deduplication and data compression in the structure of Red Hat Enterprise Linux, we will be able to offer our customers the effective storage systems of the corporate level necessary for successful transformation of business — Jim Totton, the vice president of Red Hat and the CEO according to platforms said