{"id":23331,"date":"2021-03-12T04:33:17","date_gmt":"2021-03-12T04:33:17","guid":{"rendered":"https:\/\/rbsitsoftwaresolution.com\/blog\/suse-prepares-for-multi-billion-euro-ipo.html"},"modified":"2021-03-12T04:33:17","modified_gmt":"2021-03-12T04:33:17","slug":"suse-prepares-for-multi-billion-euro-ipo","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/suse-prepares-for-multi-billion-euro-ipo.html","title":{"rendered":"SUSE prepares for multi-billion Euro IPO"},"content":{"rendered":"

The rumors were true. EQT<\/a>, the Swedish-based private equity firm with \u20ac52 billion in assets, is getting ready to spin SUSE<\/a>, the leading European Union (EU) Linux distributor, out in an IPO. The SUSE IPO<\/a>, according to Reuters<\/em> and ZDNet <\/em>sources, will be worth \u20ac7 billion to \u20ac8 billion ($8.3 billion to $9.5 billion).<\/p>\n

The SUSE IPO spinout has been in the works since late 2020<\/a>. Prior to that SUSE has changed owners several times. First, it was acquired by Novell in 2004<\/a>. Next, 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. In its late move prior to the one coming up, EQT purchased SUSE from Micro Focus for $2.5 billion<\/a> in March 2019.<\/p>\n

Since then, SUSE has continued to grow. SUSE’s Q3 revenue, reported in September 2020, had increased 14% year over year. This came despite the results of the COVID-19 pandemic on<\/a> the global economy.\u00a0<\/p>\n

In particular, SUSE’s Cloud ACV (Annual Contract Value) bookings flourished with 81% growth. This marked 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 its US ACV bookings year over year.\u00a0<\/p>\n

SUSE’s business model has been evolving. While the company is still a Linux powerhouse, it — like its Linux-based competitors Canonical<\/a> and Red Hat<\/a>\u00a0— has been focusing on containers and clouds. In July 2020, SUSE agreed to buy Rancher Labs<\/a> in a major Kubernetes<\/a> move.<\/p>\n

It’s believed Bank of America and Morgan Stanley will execute the IPO with the aid of Goldman Sachs, Deutsche Bank, and Jefferies. You can expect to see the IPO this May.<\/p>\n

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