The IT automation software company Ansible, which sold to Red Hat for more than $100 million, has grown exponentially in Durham in the last year has joined an elite list of technology (or tech affiliated) companies located on the American Tobacco campus that have exited since the beginning of 2014.
Their acquisitions total more than $1.5 billion, and they employ more than 600 people in Durham. Ansible joins the list with a reported $100 million or more acquisition by one of Raleigh’s flagship companies and a leader in open source software globally, Red Hat.
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While the news is a nod to the region’s continued technology innovation, the acquisition is part of this larger story unfolding in downtown Durham and specifically on the campus (which is owned by ExitEvent parent Capitol Broadcasting). Companies are starting up in town, growing and scaling sometimes with venture capital and sometimes without and then attracting the attention of major players in their industries and selling for nine figure dollar amounts. And in all cases so far, their local headquarters have stayed intact, and some have added employees.
For the highlights of the seven deals, most of which rank among the top tech exits in the last decade in the Triangle see the rest of the story at our partner site, Exit Event. http://exitevent.com/article/ansible-becomes-durham-7th-tech-exit-in-two-year-151016
