Red Hat(NYSE:RHT) has announced that it has signed a definitive agreement to acquire FeedHenry, a leading enterprise mobile application platform provider. FeedHenry expands Red Hat's broad portfolio of application development, integration, and Platform-as-a-Service (PaaS) solutions, enabling Red Hat to support mobile application development in public and private environments.
Aligned with Red Hat’s open hybrid cloud strategy, FeedHenry enables enterprises to accelerate their mobile app development and backend integration via private clouds, public clouds, and on-premises. FeedHenry is an important addition to Red Hat’s JBoss xPaaS for OpenShift strategy, providing a platform and services for mobile developers and applications.
Red Hat has agreed to acquire FeedHenry, a privately-held company, for approximately 63.5 million Euros in cash, subject to certain adjustments at closing. The transaction is expected to close in Q3 Fiscal Year 2015, subject to customary closing conditions.
Cathal McGloin, Chief Executive Officer, FeedHenry, said, "By joining Red Hat, we now have an opportunity to bring our leading mobile application platform to a wider audience of global customers and partners, to help them optimize for the mobile-first world."
Craig Muzilla, Senior Vice-President, Application Platform Business, Red Hat, said, "The mobile application platform is one of the fastest-growing segments of the enterprise software market. As mobile devices have penetrated into every aspect of enterprise computing, enterprise software customers are looking for easier and more efficient ways for their developers to build mobile applications that extend and enhance traditional enterprise applications. FeedHenry will help us enable customers to take advantage of the capabilities of mobile with the security, scalability, and reliability of Red Hat enterprise software."
Red Hat will update its guidance and the effect of the FeedHenry acquisition during its Q2 Fiscal Year 2015 Earnings webcast. The call is scheduled to begin at 5 p.m. EDT today and can be accessed by the general public at Red Hat's investor relations website at http://investors.redhat.com. A replay of the webcast will be available shortly after the live event has ended.
