Company Overview
Rancher Labs was acquired by SUSE in December 2020 for $600M-$700M (~30x revenue multiple) to create the world's largest organization exclusively dedicated to open source and cloud-native solutions. At acquisition, Rancher had 37,000 active users and 100M+ downloads. Post-acquisition, SUSE's cloud ACV bookings achieved 87% growth with 15 consecutive quarters of YoY cloud ACV increase, 21% YoY increase in customer deals worth $1M+. Gartner predicted 75%+ large enterprise container management adoption by 2024.
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Key Differentiators
Emerging Innovator
Rancher is an emerging player bringing innovative solutions to the Infrastructure market.
Growth Stage
Rancher has achieved $600M in revenue, demonstrating strong product-market fit.
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