{"id":21662,"date":"2020-11-18T00:31:25","date_gmt":"2020-11-18T00:31:25","guid":{"rendered":"https:\/\/rbsitsoftwaresolution.com\/blog\/6-billion-linux-deal-suse-ipo-rumored.html"},"modified":"2020-11-18T00:31:25","modified_gmt":"2020-11-18T00:31:25","slug":"6-billion-linux-deal-suse-ipo-rumored","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/6-billion-linux-deal-suse-ipo-rumored.html","title":{"rendered":"$6 billion Linux deal? SUSE IPO rumored"},"content":{"rendered":"

According to <\/em>Bloomberg<\/em><\/a>, EQT is planning an IPO for German Linux and enterprise software company SUSE<\/a>. EQT is a Swedish-based private equity firm with \u20ac50 billion in raised capital. SUSE<\/a> is the leading European Union (EU) Linux distributor.\u00a0<\/p>\n

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Over the years, SUSE<\/a> has changed owners several times. First, it was acquired by Novell in 2004<\/a>. Then, Attachmate, with some Microsoft funding, bought Novell and SUSE<\/a> in 2010. This was followed in 2014 when Micro Focus purchased Attachmate<\/a> and SUSE was spun off as an independent division. Then, EQT purchased SUSE from Micro Focus for $2.5 billion<\/a> in March 2019.<\/p>\n

With an IPO of approximately $6 billion, EQT would do very well for itself in very little time.<\/p>\n

SUSE has been very successful under EQT. SUSE’s Q3 revenue, reported in September 2020, increased 14% year over year. This came despite the results of the COVID-19 pandemic<\/a><\/span>on the global economy. Cloud ACV (Annual Contract Value) bookings continued to flourish with 81% growth, marking 14 consecutive quarters of year over year cloud ACV increase.<\/p>\n

The German Linux power also reported a 35% increase year to date in customer deals worth more than $1 million; a 50% jump in ACV bookings year over year for SUSE Linux Enterprise Server (SLES)<\/a> for SAP Applications<\/a>; and 25% in US ACV bookings year over year. In short, SUSE is growing and it’s been growing fast.<\/p>\n

SUSE has also been growing.\u00a0 In July, SUSE agreed to buy Rancher Labs<\/a> in a major Kubernetes<\/a> move.<\/p>\n

Bloomberg <\/em>states that the IPO talks are in a very preliminary stage. Nothing may yet come of these conversations. As for SUSE, a company representative said, “As a company, we are constantly exploring ways to grow. But as a matter of corporate policy, we do not comment on rumor or speculation in the market.”<\/p>\n

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