Micro Focus sells Suse to EQT for $2.5 Billiion

UK-based Micro Focus acquired Suse from The Attachmate Group back in 2014, but now the ownership of Suse is being transferred from Micro Focus International to Sweden’s investment firm EQT VIII. The deal, which is yet to be completed, has been finalized for $2.535 billion.

SUSE


Suse is a German-based, multinational, open-source software company that develops and sells Linux products to business customers, Founded in 1992. It is also the primary sponsor of the community-supported openSUSE, which develops the openSUSE Linux distribution. Apart from the operating systems, the company has also spread its legs into the cloud and container services.
SUSE has changed ownership multiple times since the company was founded in 1992. SUSE has around 1400 employees across the globe, and last year it recorded $320 million in sales in the 12 months that ended on October 31, 2017.

The company announced its latest flagship release of SUSE Enterprise Linux, version 15, on June 25, providing a new unified code base across its Linux portfolio, which includes SUSE Linux Enterprise Server (SLES) for SAP Applications, SLES for Power and SUSE Linux Enterprise for High Performance Computing.

“Today is an exciting day in SUSE’s history. By partnering with EQT, we will become a fully independent business,” Nils Brauckmann, SUSE’s CEO, wrote in a statement. “The next chapter in SUSE’s development will continue, and even accelerate the momentum generated over recent years.”

“We were impressed by the business’ strong performance over the last years as well as by its strong culture and heritage as a pioneer in the open source space,” said EQT partner Johannes Reichel.

The acquisition is expected to complete by early 2019 with Nils Brauckmann continuing his job of the CEO. In the announcements, the SUSE team has assured that latest development will not let them deviate from their commitment for building open source software. They are viewing the buyout as a positive thing for the development of their open source products.

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