Many options , older companies like IBM, Google, SAP, Oracle or even Salesforce (already own heroku in dev tooling space so not far fetched ) with stable or slowing market presence in engineering departments
Mid sized newer companies likes Hashicorp or datadog or vercel who target developers as customers .
Gitlab gives access to a large audience of developers to cross sell most dev tools so all these orgs can get a lot of returns paying more than the standalone value of gitlab itself.
The best fit would be companies like Hashicorp who have strong open source pedigree so users won’t be turned off and leave
Yes they did, i should have clarified, as IBM is becoming like Broadcom as an umbrella organization for all sorts of companies, the ibm core is different beast than some of the acquisitions they have been making
In my mind just like LinkedIn , GitHub and Microsoft are every distinct entities with a lot of differences on how they work , Hashicorp and IBM parent are different and will remain so. Integrating into Hashicorp for Gitlab would be very different than integrating into IBM core with different values for both businesses .
I wasn't thinking about a few focused features or integrations, but more generally. i.e non product things like sales and license packaging and son on.
If an acquisition has to make sense there should be a clear path to monetize it, for IBM core or its HashiCorp unit or any other buyer that will not just be through some light integrations alone, they can achieved with partnerships after all you don't need to buy the organization for it.
I seriously don't understand the deals being made in tech. Most of the makes no sense, not even retrospectively. I get Microsoft buying Github, that was a part of their open source strategy and they've always put a high value on developers.
The way the present their numbers is pretty hard to understand, at least for me, did they lose $28million or make $28million in that same quarter? Either way that seems insanely low, if they're expected to be worth $8billion. The gap between profit and revenue seems to high.
There might be some potential for Gitlab complement your other business, in which case you may not see the lack of profit as that big of an issue. The problem is that if you can't make those $8billions back in future profit, then you're going to start making changes to the Gitlab offerings until they do become profitable.
That might be what the new CEO is suppose to do, pump up those numbers, and make it look like a sane investment.
I was thinking about that as well, given that it seems it would fit in well with the red hat portfolio. They don't as far as I know. Have a good answer for a gitforge, and the phenomenal CI CD offering that gitlab has would be very marketable to Red hat customers.
I would be excited if IBM acquired them and put them under the red hat umbrella, because as history has shown, it may mean that gitlab ends up becoming much more open. They may open up the entire product instead of doing the open core model.
This makes a lot of sense, and is truly frightening.
Google isn't know for its hands-off approach nor long term view for service growths. Gitlab is essential to balance Github's impact, I'd hate it to go in the graveyard.
Mid sized newer companies likes Hashicorp or datadog or vercel who target developers as customers .
Gitlab gives access to a large audience of developers to cross sell most dev tools so all these orgs can get a lot of returns paying more than the standalone value of gitlab itself.
The best fit would be companies like Hashicorp who have strong open source pedigree so users won’t be turned off and leave