Red Hat is one of the key players in the CaaS market. The company is expanding its presence in the market by adopting various organic and inorganic growth strategies. The company is focused on pursuing various strategic acquisitions and partnerships, which help it in expanding its technology offerings and service capabilities and also its customer base. For instance, in July 2017, the company announced the acquisition of Permabit Technology. It is a provider of software for data deduplication, compression, and thin provisioning. This acquisition would help Red Hat enable enterprise digital transformation through more efficient storage options and help Red Hat in adding data deduplication and compression features into Red Hat Enterprise Linux and enhance the capabilities across its platforms and storage technologies. Further, in May 2017, Red Hat and AWS announced an extended strategic partnership to natively integrate access to AWS services into Red Hat OpenShift Container Platform. It would help Red Hat customers to directly access AWS services within Red Hat OpenShift Container Platform. Furthermore, the company continuously enhances its partner ecosystem to expand its reach to its customers. As a part of its organic strategy, Red Hat invests a substantial amount of its annual revenue in R&D to develop and innovate new products as well as enhance the capabilities of the existing products and services. For instance, in July 2017, Red Hat announced the launch of Red Hat OpenShift Online, an open source, container-native, multi-tenant cloud platform. It is based on Linux container and Kubernetes foundation, providing developers with the ability to quickly and easily build, deploy, and scale cloud-native applications in a public cloud environment. These strategies have helped Red Hat in creating a strong foothold in the CaaS market.