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Red Hat (RHT) is boosting its position in the storage software market. The leading provider of Linux open-source software products, used as a staple for adopting cloud computing, on Wednesday said it has agreed to acquire Inktank, a privately held developer of storage software, for $175 million in cash. The company expects to close the acquisition next month. Red Hat stock slipped a fraction in morning trading in the stock market today. Red Hat’s Scalper1 News
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