SUSE Linux Sold in $2.5 Billion Deal

posted onJuly 4, 2018
by l33tdawg
https://www.omgubuntu.co.uk/wp-content/uploads/2018/07/SUSE-LOGO.png
Credit: https://www.omgubuntu.co.uk/wp-content/uploads/2018/07/SUSE-LOGO.png

SUSE, the open source software company,  has been sold to a Swedish private equity firm.

EQT Partners will acquire SUSE from current owners Micro Focus in a deal worth $2.5 billion USD and is expected to close in early 2019.

EQT is described as “a development-focused investor with extensive experience in the software industry”. One of the oldest Linux businesses, over 1400 employees worldwide, and relatively healthy profit figures, the deal is good news for SUSE. It’s also a smart purchase for EQT given the increasingly intrinsic role open source software plays in enterprise, cloud and IoT.

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