October 4, 2011 – Red Hat will pay $136 million in cash for open source storage provider Gluster, with plans for its software to alleviate the growing stress of unstructured data on virtualized environments.

A definitive agreement has been made on the acquisition, which is expected by Red Hat to close at the end of October, according to a news release on the deal. In addition, Red Hat will also assume Gluster’s debt.

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