Red Hat Snaps Up Cloud Storage Co. Gluster For $136M

Law360, New York (October 4, 2011, 4:11 PM EDT) -- North Carolina-based open source software company Red Hat Inc. said Tuesday that it had struck a deal to buy privately held data manager Gluster Inc. for $136 million in cash to boost its cloud-computing offerings.

Gluster, headquartered in Sunnyvale, Calif., will give Red Hat the ability to store so-called unstructured data — emails, log files and social network postings — online with open source software, Red Hat says. The company hopes to standardize processes for storing data on-premises and public clouds.

"The explosion of big data...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.