SUSE Completes Acquisition Of Rancher Labs

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  • Recently, SUSE announced a fourth quarter which saw continued global growth
  • Cloud ACV (annual contract value) bookings continued with 87 per cent growth

SUSE has announced that it has closed the acquisition of Rancher Labs. They added that the combined company will bring together a best-in-class Linux operating system, a market-leading Kubernetes management platform, and a host of pioneering edge capabilities that will give enterprises the power to innovate everywhere.

SUSE CEO Melissa Di Donato said, “Our customers have made it clear they want powerful technology that is both leading-edge and reliable to accelerate business transformation. We have historically delivered innovative solutions that anticipate what enterprises need, and today with Rancher, we are set to make history again. With our powerful and modular approach to open source software, our customers can count on reliability and unmatched agility to innovate everywhere – from the data centre, to the cloud, to the edge and beyond.”

21 per cent increase year over year in customer deals worth more than $1 million

Recently, SUSE announced a fourth quarter which saw continued global growth. Cloud ACV (annual contract value) bookings continued with 87 per cent growth, achieving 15 consecutive quarters of year over year cloud ACV increase. It also saw a 21 per cent increase year over year in customer deals worth more than $1 million.

Sheng Liang, former Rancher CEO and, as of today, the new President of Engineering and Innovation at SUSE said, “I knew SUSE was the right company for us because of our shared ethos, viewpoint and philosophy of open source driving value to business leaders. Together, we are committed to making a significant impact on enterprise business across the globe, supporting each and every customer as they navigate cloud solutions and modernise infrastructure in a way that makes sense for their workflows.”

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