Iren to Acquire OpenStack Provider Mirantis for $625M

Neocloud provider Iren has agreed to acquire cloud infrastructure software provider Mirantis in a deal valued at $625 million [2]. The transaction, which will be paid in ordinary Iren shares, aims to strengthen the buyer's bare-metal GPU and Kubernetes stack while reducing deployment times for AI infrastructure [2].

Key takeaways

• Iren is purchasing Mirantis for $625 million in a stock-based deal [2].
• The acquisition is intended to cut deployment times for bare-metal GPU infrastructure [2].
• Mirantis will operate as a standalone subsidiary following the deal [2].
• The transaction is subject to regulatory approval, though a closing date was not disclosed [2].

Integrating OpenStack and Kubernetes Expertise

Founded in the late 1990s by Boris Renski and Alex Freedland, Mirantis provides commercial