Raleigh-based Red Hat Inc. announced that it’s acquiring CoreOS for $250 million.

Red Hat is a provider of open source solutions, and buying CoreOs will help enable Red Hat’s customers to build any application and utilize them in any environment with the flexibility open source provides.

The company also hopes to quickly adopt and develop a hybrid cloud platform for modern application workloads.

“Red Hat and CoreOS’s relationship began many years ago as open source collaborators developing some of the key innovations in containers and distributed systems, helping to make automated operations a reality,” CoreOS CEO Alex Polvi said in a statement. “This announcement marks a new stage in our shared aim to make these important technologies ubiquitous in business and the world.”

Red Hat uses a community-powered approach to its high-performing cloud, Linux, middleware, storage and virtualization technologies. Red Hat helps develop innovative technologies that prepare customers for the future of IT.

CoreOs was founded in 2013 to deliver and develop infrastructure for organizations that mirrored large-scale software companies. Their early work helped popularize Linux operating systems optimized for containers.

The company created CoreoS Tectonic, a Kubernetes platform that is based on open source software, and CoreOs Quay, “an enterprise-ready container registry.”

The Raleigh-based company’s shares were trading at $132.2, up 0.58 percent in early Wednesday afternoon trading.

The filing with the Securities and Exchange Commission can be found here.