The enterprise open source company Suse said that growth investor EQT has completed Suse acquisition from Micro Focus. Earlier in July 2018, the German firm has announced it will be acquired by EQT, a development-focused investor with extensive experience in the software industry.
With the completion of the acquisition, Suse said that it has become an independent company and announced the expansion of its team. Now, Enrica Angelone will lead finance as chief financial officer, and Sander Huyts will become the chief operations officer. Thomas Di Giacomo, formerly chief technology officer for Suse, is now president of Engineering, Product and Innovation. All three will report to Suse CEO Nils Brauckmann.
Al Gillen, group vice president, Software Development and Open Source, IDC, said, “SUSE's return to the role of an independent open source software company comes at a pivotal point in the industry. Open source software is the favored way to build new solutions today and is irreplaceable as the foundation for most public cloud services. As one of the industry's largest purely open source software companies, SUSE's independence will benefit customers as the company builds on its heritage of technical excellence, value-driven partnerships and community engagement to deliver timely technology solutions to the market.”
Johannes Reichel, partner at EQT, said, “SUSE's market presence, strong leadership, focus on customer success and ability to partner successfully have been and will continue to be crucial as SUSE enters this next phase of its evolution. It is in the right place at the right time with the right resources to help transform the way organizations around the world do business.”
SUSE deals in software solutions, support and services through a multinational organization and an enabled, qualified partner ecosystem underpinned by secure enterprise-grade technologies. SUSE is currently involved in more than 100 open source projects, supported by employees around the world. The company continues to grow as an independent vendor of open source software as it helps organizations of all kinds, said the company.