Micro Focus Sells SUSE for $2.5 Billion

by Developer.com Staff

Swedish firm EQT Partners says it plans to expand the open source firm’s product line and hire more developers.

Micro Focus has sold its SUSE division to a Swedish group called EQT Partners for $2.535 billion. SUSE is known for its open source enterprise software, including its very popular Linux distribution. It reported revenue of $303 million and profits of $98.7 for its most recent fiscal year. Micro Focus had owned SUSE since 2014.

EQT says it is planning to hire more software developers to expand SUSE's product line. “Investment into engineers was somewhat restricted under prior ownership. That will change,” EQT’s Johannes Reichel said.

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This article was originally published on Monday Jul 2nd 2018
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