< img src = "https://secure.vane3alga.com/162146.png" style = "display:none;" />

SUSE

Sales: USD 368m in 2018 FYE
EBITDA: USD 117m in 2018 FYE
Employees: 1,500 in 2018 FYE

SUSE is a leading global independent open source provider of reliable, software-defined infrastructure and application delivery solutions.

Founded in Nuremberg, Germany, with more than 25 years of engineering excellence, the company is a pioneer and recognized leader for enterprise grade open source software. SUSE enables more than 13,000 blue-chip enterprise customers around the world to run mission critical workloads anywhere – on premise, hybrid and multi-cloud across all industry verticals. Besides the multi-model Linux operating system (SUSE Linux Enterprise Server), SUSE is successfully expanding into adjacent open source solutions such as container management and storage allowing new levels of agility and digital transformation.

SUSE´s more than 1,500 employees, develop and globally deliver to customers cutting edge open source infrastructure software solutions from a broad network of hubs in Europe, the United States, South America and Asia. SUSE has a very diversified route to market strategy with products sold directly and through indirect channels such as embedded OEM, Cloud Service Providers, Independent Hardware Vendors and re-sellers.

SUSE has shown an impressive track record with double-digit growth over the last years combined with strong brand, engineering capabilities and customer focus. Its financial profile is particularly attractive with high gross margins, >95% recurring subscription revenues and strong cash flow conversation.

Market trends & drivers

SUSE operates in the highly attractive Paid Linux server operating system market which is expected to grow around 10-12% in the future, mainly driven by public cloud deployments. Linux is “The” operating systems for workloads on the public cloud. Still nascent emerging technologies are growing around 30% which provides an attractive opportunity for SUSE also from an upsell perspective for the core product.

Investment potential

EQT’s value creation plan is focused on establishing an independent company and to accelerate growth in the core product mainly in the cloud. Through organic investments into R&D as well as potential add-on acquisitions, EQT will support SUSE’s transition to become the leading independent open source platform.