Tech Company M&A Transactions
Inktank Acquisition
On 4/30/2014, Inktank was acquired by Red Hat. Red Hat said the transaction price was $175 million.
Transaction Overview
Company Name
Acquired By
Announced On
4/30/2014
Transaction Type
M&A
Amount
$175,000,000
M&A Terms
Red Hat has agreed to acquire Inktank, a privately-held company, for approximately $175 million in cash, subject to certain adjustments at closing. As part of the transaction, Red Hat will assume unvested Inktank equity outstanding on the closing date and issue certain equity retention incentives. The transaction is expected to close in May 2014, subject to customary closing conditions.
Company Information
Company Status
Acquired or Merged
Industry
Storage
Mailing Address
707 Wilshire Blvd 5025
Los Angeles, CA 90017
USA
Los Angeles, CA 90017
USA
Phone
Undisclosed
Website
Email Address
Overview
Inktank is a professional services and support company that was founded in 2012 by several creators of Ceph, including Sage Weil, cofounder of DreamHost and CEO and Chief Architect of Ceph. The company is based in Los Angeles, CA and is funded by New Dream Network.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Simon Anderson
Chief Executive Officer
Bryan Bogensberger
Chief Technical Officer
Sage Weil
VP - Administration
Artur Elizarov
VP - Bus. Development
Nigel Thomas
VP - Client Services
Wolfgang Schulze
VP - Product Management
Neil Levine
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