SUSE Linux sold to private equity firm for $2.5 billion

Posted on Wednesday, July 04 2018 @ 11:45 CEST by Thomas De Maesschalck

Who says there's no money to be earned with open-source software? Linux developer SUSE just got sold to Swedish private equity firm EQT Partners for $2.5 billion. The deal is expected to close in early 2019. SUSE was owned by Micro Focus, which acquired the Linux developer via the takeover of Attachmate in 2011.

EQT said as the new owner it would help SUSE hire software engineers to expand the products it offers.

“Investment into engineers was somewhat restricted under prior ownership. That will change,” EQT’s Johannes Reichel said.

Via: Reuters

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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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