Welcome!

Open Source Cloud Authors: Yeshim Deniz, Carmen Gonzalez, Harry Trott, Pat Romanski, Derek Weeks

News Feed Item

DreamHost Says "Well Done, Son" to Inktank on Acquisition by Red Hat

Open Source Storage Baby Grows Up, Could Probably Beat Up Dad

LOS ANGELES, CA -- (Marketwired) -- 04/30/14 -- DreamHost®, a global leader in web hosting and cloud services for entrepreneurs and developers, today announced its heartfelt congratulations and virtual high-fives all around to the Inktank team on their acquisition by Red Hat for $190MM in deal consideration and retention payments ("that's a whole lotta calamari").

With an ending as happy as this, we just have to tell you the story, so bear with us.

Early work on Ceph, the open source object, block and file storage software, began in 2004 in the verdant hills of UC Santa Cruz as part of the Storage Systems Research Laboratory under sponsorship by the U.S. Department of Energy. DreamHost co-founder Sage Weil was part of the research team that built the first working prototype of the Ceph distributed file system as part of his Ph.D. work on distributed systems with his advisor Scott Brandt.

After a studious Ph.D. and contributions by many a CompSci student, lecturer, and luminary, Sage graduated in 2007 and continued work on Ceph with a small team of engineers at DreamHost, nurtured by admins who long-imagined a world freed from monolithic and proprietary storage systems. Their big dream was to change the world by engineering an open source (now called "software-defined") storage system that would be capable of storing petabytes of data on any old set of servers, and be just as resilient, reliable, and performant as the big expensive options.

In 2010, many important Ceph bits were accepted into the Linux kernel, providing users with native block and file clients. Ceph was blossoming to fill a need faced by many cloud infrastructure and web scale companies -- a need for speedy, reliable, resilient data storage across many thousands of servers where hardware failures are an accepted fact of life.

By 2011 the project had matured, with research institutions, enterprises and service providers of all sizes testing Ceph. Out of this momentum came Inktank, born as a new open source company to expand the development of Ceph and to evangelize, support and provide professional services for the burgeoning distributed storage system. Bryan Bogensberger, a senior executive at DreamHost at the time, developed the business plan for spinning out Inktank, serving as the company's first President/COO and then as its CEO beginning in 2013. Simon Anderson, CEO of DreamHost, co-founded Inktank along with Sage and Bryan and became Chair of the Board. Simon also led the structuring of the spinoff and the initial $5MM of startup capital from DreamHost. Additional capital later came from other private and strategic investors, taking Inktank's total funding raised to $13MM.

Sage, Bryan and Simon worked closely together in the early days with a growing team to develop the early company strategy, define early product definitions, and create the new branding. Alongside a talented management team, Bryan and Sage went about building a powerhouse organization full of skilled engineers and business team leaders dedicated to leveling the playing field and CRUSHing the competition in software-defined storage.

DreamHost was Inktank's first customer, signing on for enterprise subscription services to support DreamHost's object storage service, DreamObjects (which is, of course, powered by Ceph). DreamObjects was also the world's first and largest public commercial deployment of Ceph when it went into beta in September 2013 and was released into GA in January 2013. Over ten thousand users have signed on as DreamObjects customers since its launch, and their usage levels continue to grow as more and more users realize the power of storing application data and personal backups in the cloud at industry-leading price points.

Ceph has quickly risen to become the open source storage platform of choice for both public and private clouds, and it is quickly gaining popularity among users of the OpenStack framework. According to the OpenStack Foundation, approximately 20% of all OpenStack clouds deploy Ceph for block storage. DreamHost is a major contributor to the OpenStack project and a gold member of the OpenStack Foundation.

"It's awesome to see Sage's vision to create the most disruptive open source storage software recognized through this high profile acquisition by Red Hat," commented Simon. "The whole team here at DreamHost are very proud to have played a role in nurturing Ceph, supporting the Inktank team, and making a gutsy bet with our initial investment. We'll continue to be founding fans as the dramatic adoption of Ceph continues."

"The entire Inktank team would like to thank everyone at DreamHost for their tremendous support," said Bryan. "Without DreamHost's many years of Ceph incubation, months of hardcore testing and being the early adopter, Inktank's tremendous outcome would not have been possible."

"Finally! I am so pleased to be able to stop reading legal documents and get back to writing code," said Sage. "I am grateful to the DreamHost family for the supportive role they have played. This acquisition is a big step forward in bringing resources to bear in making Ceph into an even better storage platform. We are very excited about the future."

The acquisition of Inktank is expected to close on April 30, 2014. Credit Suisse acted as exclusive financial advisor to Inktank, and Cooley LLP served as legal counsel.

About DreamHost

DreamHost is a global Web hosting and cloud services company with over 370,000 entrepreneur and developer customers, and 1.3 million blogs, websites, and apps hosted. The Company develops and uses Open Source software throughout its infrastructure, and is a leading proponent of OpenStack and Ceph. DreamHost offers a wide spectrum of Web services including Shared Hosting, Virtual Private Servers (VPS), Dedicated Server Hosting, Domain Name Registration, the public cloud storage service, DreamObjects, and the public cloud computing service, DreamCompute. Please visit www.DreamHost.com for more information.

About Inktank

Inktank® is transforming storage with Ceph®, the massively scalable, open source, software-defined storage system that radically improves the economics and management of data management. Launched by leading Ceph developers, Inktank's mission is to help enterprises use Ceph to break free of expensive and proprietary storage systems to decrease their storage costs, increase their operational flexibility, and effectively manage their rapidly growing data. Inktank Ceph Enterprise™ is the market's first enterprise-grade, dedicated Ceph product offering that delivers everything needed to confidently run a production Ceph storage cluster at scale. In addition, Inktank provides best-in-class professional services and Ceph training. Please visit www.inktank.com for more information, or follow us on Twitter at @inktank.

About Ceph
Ceph®, The Future of Storage™, is a massively scalable, open source, software-defined storage system that runs on commodity hardware. Ceph has been developed from the ground up to deliver object, block, and file system storage in one self-managing, self-healing platform with no single point of failure. With its highly scalable, software-defined storage architecture, Ceph is an ideal replacement for legacy storage systems and provides a unified solution for cloud computing environments. Ceph is the foundation of Inktank Ceph Enterprise™ and the brainchild of Inktank® founder and CTO Sage Weil.

© 2014 DreamHost, LLC. All Rights Reserved.
All trademarks are the property of their respective owners.

Press Contacts
Kyle Peterson
Clement Peterson
Email Contact

Brett Dunst
DreamHost
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@ThingsExpo Stories
WebRTC sits at the intersection between VoIP and the Web. As such, it poses some interesting challenges for those developing services on top of it, but also for those who need to test and monitor these services. In his session at WebRTC Summit, Tsahi Levent-Levi, co-founder of testRTC, reviewed the various challenges posed by WebRTC when it comes to testing and monitoring and on ways to overcome them.
Every successful software product evolves from an idea to an enterprise system. Notably, the same way is passed by the product owner's company. In his session at 20th Cloud Expo, Oleg Lola, CEO of MobiDev, will provide a generalized overview of the evolution of a software product, the product owner, the needs that arise at various stages of this process, and the value brought by a software development partner to the product owner as a response to these needs.
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, discussed the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports.
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
In his session at @ThingsExpo, Sudarshan Krishnamurthi, a Senior Manager, Business Strategy, at Cisco Systems, will discuss how IT and operational technology (OT) work together, as opposed to being in separate siloes as once was traditional. Attendees will learn how to fully leverage the power of IoT in their organization by bringing the two sides together and bridging the communication gap. He will also look at what good leadership must entail in order to accomplish this, and how IT managers ca...
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...
SYS-CON Events announced today that Outlyer, a monitoring service for DevOps and operations teams, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Outlyer is a monitoring service for DevOps and Operations teams running Cloud, SaaS, Microservices and IoT deployments. Designed for today's dynamic environments that need beyond cloud-scale monitoring, we make monitoring effortless so you...
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
In his session at @ThingsExpo, Steve Wilkes, CTO and founder of Striim, will delve into four enterprise-scale, business-critical case studies where streaming analytics serves as the key to enabling real-time data integration and right-time insights in hybrid cloud, IoT, and fog computing environments. As part of this discussion, he will also present a demo based on its partnership with Fujitsu, highlighting their technologies in a healthcare IoT use-case. The demo showcases the tracking of pati...
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, Cloud Expo and @ThingsExpo are two of the most important technology events of the year. Since its launch over eight years ago, Cloud Expo and @ThingsExpo have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors! In this blog post, I provide 7 tips on how, as part of our world-class faculty, you can deliver one of the most popular sessions at our events. But before reading the...
SYS-CON Events announced today that Cloud Academy will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloud Academy is the industry’s most innovative, vendor-neutral cloud technology training platform. Cloud Academy provides continuous learning solutions for individuals and enterprise teams for Amazon Web Services, Microsoft Azure, Google Cloud Platform, and the most popular cloud computing technologies. Ge...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settle...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
TechTarget storage websites are the best online information resource for news, tips and expert advice for the storage, backup and disaster recovery markets. By creating abundant, high-quality editorial content across more than 140 highly targeted technology-specific websites, TechTarget attracts and nurtures communities of technology buyers researching their companies' information technology needs. By understanding these buyers' content consumption behaviors, TechTarget creates the purchase inte...
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking questions to analyze and troubleshoot your infrastructure, to provisioning storage with snapshots, recovery and replication, your wildest sci-fi dream has come true. In his session at @DevOpsSummit at 20th Cloud Expo, Dan Florea, Director of Product Management at Tintri, will provide a ChatOps demo where you can talk to your storage and manage it from anywhere, through Slack and similar services ...
Have you ever noticed how some IT people seem to lead successful, rewarding, and satisfying lives and careers, while others struggle? IT author and speaker Don Crawley uncovered the five principles that successful IT people use to build satisfying lives and careers and he shares them in this fast-paced, thought-provoking webinar. You'll learn the importance of striking a balance with technical skills and people skills, challenge your pre-existing ideas about IT customer service, and gain new in...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo | @ThingsExpo, June 6-8, 2017, at the Javits Center in New York City, NY and October 31 - November 2, 2017, Santa Clara Convention Center, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.