July 2, 2018

Investment firm EQT to acquire open-source software provider SUSE

The acquisition aims to expand SUSE’s product offerings in a bid to strengthen their global footprint.

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Investment firm EQT is all set to acquire open source software and data center provider SUSE from Micro Focus International for USD 2.53 billion. With this acquisition, EQT aims to build, grow and scale SUSE’s open-source product offerings, in order to fortify their position in the global market.

EQT believe that open-source software as a market is booming with different kinds of products that are offered to businesses today. They say that this wide range of offerings allow investors to tap into different markets globally and cater to the specific needs of businesses.

By acquiring SUSE, EQT claim that they will be able to take over a successful business and build as well as grow their product offerings to meet the demands of the global market. They say that EQT will be able to accelerate SUSE’s public cloud business by investing in their technology and go-to-market capability.

Speaking about the deal, Nils Brauckmann, CEO of SUSE, said:

Together with EQT, we will benefit both from further investment opportunities and having the continuity of a leadership team focused on securing long-term profitable growth combined with a sharp focus on customer and partner success.

The current leadership team has managed SUSE through a period of significant growth and now, with continued investment in technology innovation and go to market capability, will further develop SUSE’s momentum going forward.

SUSE are equally excited to partner with EQT. Johannes Reichel, Partner at EQT, commented:

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.

These characteristics correspond well to EQT’s DNA of supporting and building strong and resilient companies, and driving growth. We look forward to entering the next period of growth and innovation together with SUSE.

In closing, the investment firm said that the deal is subject to customary and regulatory approvals.

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