EQT AB is planning an initial public offering of German enterprise software developer SUSE. SUSE is a German-based, multinational, open-source software company that develops and sells Linux products. Founded in 1992, it was the first company to market Linux for the enterprise. It is the developer of SUSE Linux Enterprise and the primary sponsor of the community-supported openSUSE Project, which develops the openSUSE Linux distribution. Over the years, SUSE has changed owners several times. First, it was acquired by Novell in 2004. Then, Attachmate, with some Microsoft funding, bought Novell and SUSE in 2010. This was followed in 2014 when Micro Focus purchased Attachmate and SUSE was spun off as an independent division. Then, EQT purchased SUSE from Micro Focus for $2.5 billion in March 2019. With an IPO of approximately $6 billion, EQT would do very well for itself in very little time. SUSE has also been growing. In July, SUSE agreed to buy Rancher Labs in a major Kubernetes move. https://www.bloomberg.com/news/articles/2020-11-06/eqt-is-said-to-plan-ipo-of-6-billion-software-developer-suse?sref=y7UfZ5i4 ...................................................................................... #opensource #technology #finance #linux #news
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