Open-source software provider Red Hat is planning to acquire online storage vendor Gluster Inc. for $136 million, the company announced Tuesday.
Red Hat said it’s purchasing the privately owned Gluster to boost its cloud computing offerings — specifically, Red Hat wants to offer data storage for email and social media information to its enterprise customers.
Red Hat plans on incorporating Gluster’s products into its existing product line, which the company will eventually offer to clients through a subscription payment model, according to Red Hat.
Founded in 2005, Sunnyvale, California-based Gluster previously obtained a $8.5 million second round of funding from Index Ventures and Nexus Venture Partners. Gluster has a list of high-profile customers, including Deutsche Bank, Samsung, Autodesk and Barnes & Noble.
The acquisition deal should close later this month, according to Red Hat.