This is a big deal. We’ve been tracking CoreOS since the beginning — we’re huge fans of Alex, Brandon and the team behind CoreOS.

Red Hat has signed a definitive agreement to acquire CoreOS, Inc., an innovator and leader in Kubernetes and container-native solutions, for a purchase price of $250 million.

Red Hat is a publicly traded company and while this announcement hasn’t really impacted shareholder value (yet), we, the open source community have been immeasurably impacted by the team behind CoreOS.

Also, check out Alex Polvi’s announcement on the CoreOS blog which includes some details and backstory.