• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
TechMastering Data

Red Hat Snaps Up Assets of This Company That Cleans Data

Barb Darrow
By
Barb Darrow
Barb Darrow
Down Arrow Button Icon
July 31, 2017, 5:57 PM ET

Business software company Red Hat said on Monday that it is acquiring the technology assets of Permabit, a small company that specializes in cleaning up corporate data to make storage more efficient and data access faster.

Terms of the deal were not disclosed but a Red Hat spokesman said 16 people from Permabit will be joining that company.

Permabit had already partnered with Red Hat to make sure its software for cleaning up duplicated data worked with Red Hat’s existing data storage products. Permabit also sells compression technology, a simpler way to crunch data down so it takes less storage space.

Get Data Sheet, Fortune’s technology newsletter

While the conventional wisdom is that data storage is cheap, it is not free. And with companies are turning to more expensive flash storage, it saves money to remove redundant data, said Richard Fichera, vice president and principal analyst at Forrester Research (FORR).

To capitalize on this shift, EMC and NetApp competed to buy data cleaning leader Data Domain eight years ago. EMC, which is now owned by Dell Technologies, prevailed with a $2.4 billion bid.

Flash, or solid-state storage, costs more than using traditional disk-based storage. But companies are sometimes willing to swallow the extra prices because of the flash’s faster performance.

Related: Amazon to Join Red Hat and GE in Boston’s Hottest Tech Hub

Red Hat (RHT), which sells a version of the Linux operating system used by many Fortune 500 companies, also offers its own storage software. And, it wants to become a more formidable challenger in data storage, a goal that can be furthered by buying Permabit’s technology, Fichera said.

In its statement, Red Hat said the transaction should not materially affect results of its second quarter, ending August 31, or the fiscal year ending February 28, 2018.

About the Author
Barb Darrow
By Barb Darrow
See full bioRight Arrow Button Icon

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.


Latest in Tech

Paramount
BankingM&A
Warner Bros. is blockbuster finale to $4.5 trillion M&A haul
By Michelle F. Davis, David Carnevali, Ryan Gould, Swetha Gopinath and BloombergDecember 15, 2025
2 hours ago
slop
CybersecurityCulture
The word of the year is ‘slop,’ Merriam-Webster says
By Anna Furman and The Associated PressDecember 15, 2025
2 hours ago
C-Suitechief financial officer (CFO)
‘2026 has to be a year of execution’: AI investment pressures, supply-chain risks, and strategy misalignment are all on the line for CFOs
By Alex Zank and CFO BrewDecember 15, 2025
3 hours ago
Photo of Jim Farley
North AmericaAutos
Ford writes down $19.5 billion as it pivots electric Lighting line of vehicles
By Sasha RogelbergDecember 15, 2025
3 hours ago
InnovationElectric vehicles
Rivian CEO says the EV maker’s new large driving model will one day allow for fully autonomous driving—and maybe a spot in the robotaxi race
By Jordyn Grzelewski and Tech BrewDecember 15, 2025
4 hours ago
Big TechMeta
Former Meta integrity chief says new report reveals ‘disappointing’ ad fraud epidemic at the social media giant
By Lily Mae LazarusDecember 15, 2025
5 hours ago

Most Popular

placeholder alt text
Success
'I had to take 60 meetings': Jeff Bezos says 'the hardest thing I've ever done' was raising the first million dollars of seed capital for Amazon
By Dave SmithDecember 15, 2025
8 hours ago
placeholder alt text
Success
Meetings are not work, says Southwest Airlines CEO—and he’s taking action, by blocking his calendar every afternoon from Wednesday to Friday 
By Preston ForeDecember 15, 2025
9 hours ago
placeholder alt text
Success
Sorry, six-figure earners: Elon Musk says that money will 'disappear' in the future as AI makes work (and salaries) irrelevant
By Orianna Rosa RoyleDecember 15, 2025
11 hours ago
placeholder alt text
AI
Deloitte's CTO on a stunning AI transformation stat: Companies are spending 93% on tech and only 7% on people
By Nick LichtenbergDecember 15, 2025
14 hours ago
placeholder alt text
Uncategorized
Transforming customer support through intelligent AI operations
By Lauren ChomiukNovember 26, 2025
19 days ago
placeholder alt text
Real Estate
A 'new era' in the housing market is about to begin as affordability finally improves 'for the first time in a bunch of years,' economist says
By Jason MaDecember 14, 2025
1 day ago