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Red Hat Buys California Cloud Storage Company For $175M

A picture of the Red Hat logo.
Red Hat
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Leaders at Raleigh-based company developer Red Hat say the purchase of a California-based business will greatly boost its software storage capacity.  

Red Hat spent $175 million  to buy Inktank -- a open-source software storage provider.  The transaction is expected to be finalized later this month.  

Brian Stevens is executive vice president and chief technology officer at Red Hat.   He said during a webcast announcing the deal that the purchase is part of establishing Red Hat as a world leader in technology development and storage.

"Adding flexibility for supporting open hybrid cloud requirement and unified storage, something that Red Hat feels passionately about... giving our customers the flexibility to run not just their applications but their data in the public cloud as well as on premise," Stevens said.  "Red Hat and Inktank are strongly aligned in our commitment to driving innovation through community-developed software."

Red Hat representatives say the Inktank jobs that will be acquired will remain on the West coast.

Gurnal Scott joined North Carolina Public Radio in March 2012 after several stops in radio and television. After graduating from the College of Charleston in his South Carolina hometown, he began his career in radio there. He started as a sports reporter at News/Talk Radio WTMA and won five Sportscaster of the Year awards. In 1997, Gurnal moved on to television as general assignment reporter and weekend anchor for WCSC-TV in Charleston. He anchored the market's top-rated weekend newscasts until leaving Charleston for Memphis, TN in 2002. Gurnal worked at WPTY-TV for two years before returning to his roots in radio. He joined the staff of Memphis' NewsRadio 600 WREC in 2004 eventually rising to News Director. In 2006, Raleigh news radio station WPTF came calling and he became the station's chief correspondent. Gurnal’s reporting has been honored by the South Carolina Broadcasters Association, the North Carolina Associated Press, and the Radio Television Digital News Association of the Carolinas.
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