Tesltra Ventures is exiting Kubernetes management platform developer Rancher in an acquisition reportedly sized at between $600m and $700m.
Digital transformation services provider Suse agreed yesterday to buy Rancher Labs, a US-based database software provider backed by telecommunications firm Telstra, for a price sources told CNBC will be between $600m and $700m.
Rancher has built an open-source software platform with 37,000 active users that allows enterprises to use containerised application management platform Kubernetes on premises, in the cloud, via data centres or the point at which an enterprise network connects to third-party apps.
The deal will allow Suse to…
