Red Hat Acquires Container Startup CoreOS for $250 Million

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Brief: The billion-dollar open source company Red Hat is acquiring an open source startup CoreOS for $250 million. The move will further strengthen Red Hat’s position in the enterprise world that has been fixated on containerization lately.

Red Hat has just announced that it is acquiring CoreOS for $250 million. Paul Cormier, president, Products and Technologies at Red Hat commented:

“The next era of technology is being driven by container-based applications that span multi- and hybrid cloud environments, including physical, virtual, private cloud and public cloud platforms. Kubernetes, containers and Linux are at the heart of this transformation, and, like

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