|By Marketwired .||
|April 30, 2014 08:39 AM EDT||
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.
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.
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.
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.
The Industrial Internet revolution is now underway, enabled by connected machines and billions of devices that communicate and collaborate. The massive amounts of Big Data requiring real-time analysis is flooding legacy IT systems and giving way to cloud environments that can handle the unpredictable workloads. Yet many barriers remain until we can fully realize the opportunities and benefits from the convergence of machines and devices with Big Data and the cloud, including interoperability, data security and privacy.
May. 29, 2015 03:45 PM EDT Reads: 5,084
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In this session, James Kirkland, Red Hat's Chief Architect for the Internet of Things and Intelligent Systems, will describe how to revolutionize your architecture and...
May. 29, 2015 02:33 PM EDT Reads: 512
We’re entering a new era of computing technology that many are calling the Internet of Things (IoT). Machine to machine, machine to infrastructure, machine to environment, the Internet of Everything, the Internet of Intelligent Things, intelligent systems – call it what you want, but it’s happening, and its potential is huge. IoT is comprised of smart machines interacting and communicating with other machines, objects, environments and infrastructures. As a result, huge volumes of data are being generated, and that data is being processed into useful actions that can “command and control” thi...
May. 29, 2015 02:00 PM EDT Reads: 1,245
The Internet of Things is tied together with a thin strand that is known as time. Coincidentally, at the core of nearly all data analytics is a timestamp. When working with time series data there are a few core principles that everyone should consider, especially across datasets where time is the common boundary. In his session at Internet of @ThingsExpo, Jim Scott, Director of Enterprise Strategy & Architecture at MapR Technologies, discussed single-value, geo-spatial, and log time series data. By focusing on enterprise applications and the data center, he will use OpenTSDB as an example t...
May. 29, 2015 02:00 PM EDT Reads: 6,862
All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades. With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo, June 9-11, 2015, at the Javits Center in New York City. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be
May. 29, 2015 01:15 PM EDT Reads: 3,062
Scott Jenson leads a project called The Physical Web within the Chrome team at Google. Project members are working to take the scalability and openness of the web and use it to talk to the exponentially exploding range of smart devices. Nearly every company today working on the IoT comes up with the same basic solution: use my server and you'll be fine. But if we really believe there will be trillions of these devices, that just can't scale. We need a system that is open a scalable and by using the URL as a basic building block, we open this up and get the same resilience that the web enjoys.
May. 29, 2015 01:00 PM EDT Reads: 7,511
We are reaching the end of the beginning with WebRTC, and real systems using this technology have begun to appear. One challenge that faces every WebRTC deployment (in some form or another) is identity management. For example, if you have an existing service – possibly built on a variety of different PaaS/SaaS offerings – and you want to add real-time communications you are faced with a challenge relating to user management, authentication, authorization, and validation. Service providers will want to use their existing identities, but these will have credentials already that are (hopefully) i...
May. 29, 2015 01:00 PM EDT Reads: 4,767
SYS-CON Events announced today that MetraTech, now part of Ericsson, has been named “Silver Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. Ericsson is the driving force behind the Networked Society- a world leader in communications infrastructure, software and services. Some 40% of the world’s mobile traffic runs through networks Ericsson has supplied, serving more than 2.5 billion subscribers.
May. 29, 2015 01:00 PM EDT Reads: 2,460
Thanks to widespread Internet adoption and more than 10 billion connected devices around the world, companies became more excited than ever about the Internet of Things in 2014. Add in the hype around Google Glass and the Nest Thermostat, and nearly every business, including those from traditionally low-tech industries, wanted in. But despite the buzz, some very real business questions emerged – mainly, not if a device can be connected, or even when, but why? Why does connecting to the cloud create greater value for the user? Why do connected features improve the overall experience? And why do...
May. 29, 2015 12:42 PM EDT Reads: 721
SYS-CON Events announced today that O'Reilly Media has been named “Media Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York City, NY. O'Reilly Media spreads the knowledge of innovators through its books, online services, magazines, and conferences. Since 1978, O'Reilly Media has been a chronicler and catalyst of cutting-edge development, homing in on the technology trends that really matter and spurring their adoption by amplifying "faint signals" from the alpha geeks who are creating the future. An active participa...
May. 29, 2015 12:30 PM EDT Reads: 1,325
SYS-CON Events announced today that BMC will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. BMC delivers software solutions that help IT transform digital enterprises for the ultimate competitive business advantage. BMC has worked with thousands of leading companies to create and deliver powerful IT management services. From mainframe to cloud to mobile, BMC pairs high-speed digital innovation with robust IT industrialization – allowing customers to provide amazing user experiences with optimized IT per...
May. 29, 2015 12:15 PM EDT Reads: 1,636
Imagine a world where targeting, attribution, and analytics are just as intrinsic to the physical world as they currently are to display advertising. Advances in technologies and changes in consumer behavior have opened the door to a whole new category of personalized marketing experience based on direct interactions with products. The products themselves now have a voice. What will they say? Who will control it? And what does it take for brands to win in this new world? In his session at @ThingsExpo, Zack Bennett, Vice President of Customer Success at EVRYTHNG, will answer these questions a...
May. 29, 2015 12:13 PM EDT Reads: 707
The 4th International Internet of @ThingsExpo, co-located with the 17th International Cloud Expo - to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA - announces that its Call for Papers is open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
May. 29, 2015 12:00 PM EDT Reads: 2,676
An entirely new security model is needed for the Internet of Things, or is it? Can we save some old and tested controls for this new and different environment? In his session at @ThingsExpo, New York's at the Javits Center, Davi Ottenheimer, EMC Senior Director of Trust, reviewed hands-on lessons with IoT devices and reveal a new risk balance you might not expect. Davi Ottenheimer, EMC Senior Director of Trust, has more than nineteen years' experience managing global security operations and assessments, including a decade of leading incident response and digital forensics. He is co-author of t...
May. 29, 2015 11:00 AM EDT Reads: 6,163
The Internet of Things is a misnomer. That implies that everything is on the Internet, and that simply should not be - especially for things that are blurring the line between medical devices that stimulate like a pacemaker and quantified self-sensors like a pedometer or pulse tracker. The mesh of things that we manage must be segmented into zones of trust for sensing data, transmitting data, receiving command and control administrative changes, and peer-to-peer mesh messaging. In his session at @ThingsExpo, Ryan Bagnulo, Solution Architect / Software Engineer at SOA Software, focused on desi...
May. 29, 2015 11:00 AM EDT Reads: 4,470
The multi-trillion economic opportunity around the "Internet of Things" (IoT) is emerging as the hottest topic for investors in 2015. As we connect the physical world with information technology, data from actions, processes and the environment can increase sales, improve efficiencies, automate daily activities and minimize risk. In his session at @ThingsExpo, Ed Maguire, Senior Analyst at CLSA Americas, will describe what is new and different about IoT, explore financial, technological and real-world impact across consumer and business use cases. Why now? Significant corporate and venture...
May. 29, 2015 10:50 AM EDT Reads: 784
While great strides have been made relative to the video aspects of remote collaboration, audio technology has basically stagnated. Typically all audio is mixed to a single monaural stream and emanates from a single point, such as a speakerphone or a speaker associated with a video monitor. This leads to confusion and lack of understanding among participants especially regarding who is actually speaking. Spatial teleconferencing introduces the concept of acoustic spatial separation between conference participants in three dimensional space. This has been shown to significantly improve comprehe...
May. 29, 2015 10:00 AM EDT Reads: 3,691
Today’s enterprise is being driven by disruptive competitive and human capital requirements to provide enterprise application access through not only desktops, but also mobile devices. To retrofit existing programs across all these devices using traditional programming methods is very costly and time consuming – often prohibitively so. In his session at @ThingsExpo, Jesse Shiah, CEO, President, and Co-Founder of AgilePoint Inc., discussed how you can create applications that run on all mobile devices as well as laptops and desktops using a visual drag-and-drop application – and eForms-buildi...
May. 29, 2015 10:00 AM EDT Reads: 5,857
There will be 150 billion connected devices by 2020. New digital businesses have already disrupted value chains across every industry. APIs are at the center of the digital business. You need to understand what assets you have that can be exposed digitally, what their digital value chain is, and how to create an effective business model around that value chain to compete in this economy. No enterprise can be complacent and not engage in the digital economy. Learn how to be the disruptor and not the disruptee.
May. 29, 2015 09:45 AM EDT Reads: 1,112
The enterprise market will drive IoT device adoption over the next five years. In his session at @ThingsExpo, John Greenough, an analyst at BI Intelligence, division of Business Insider, will analyze how companies will adopt IoT products and the associated cost of adopting those products. John Greenough is the lead analyst covering the Internet of Things for BI Intelligence- Business Insider’s paid research service. Numerous IoT companies have cited his analysis of the IoT. Prior to joining BI Intelligence, he worked analyzing bank technology for Corporate Insight and The Clearing House Pay...
May. 29, 2015 09:36 AM EDT Reads: 719