Red Hat, Inc. (NYSE: RHT), world’s leading provider of open source platform for application development and other solutions, on Thursday announced about its plans to acquire FeedHenry.
FeedHenry, a leading Ireland-based provider of enterprise mobile application platform for mobile app developers, will be the primary driver to offer cross-platform support for Red Hat’s existing software products, including the Red Hat Enterprise Linux Openstack 7, released earlier this year.
According to Red Hat, FeedHenry expands Red Hat’s broad portfolio of application development, integration and Platform-as-a-Service (PaaS) solutions, and enables them to support mobile application development in public and private environments. Red Hat says it will be paying a huge sum of €63.5 million (approximately $82 million) in cash for FeedHenry. The transaction is expected to complete in quarter three Fiscal Year 2015, which is subject to customary closing conditions.
Much like Red Hat, FeedHenry is based around open-source, cloud services and uses the typical Node.js architecture to create mobile apps that support both the client and the server. It runs natively on platforms like Android, iOS, Windows Phone and Blackberry, as well as offers web apps in HTML5.
“Since our inception, FeedHenry has embraced open technologies and the cloud for mobile development and management, we are excited to become part of Red Hat, the leader in open source enterprise solutions, and see this as confirmation of the combined power of mobile and cloud, the mass-market adoption of mobile application and MBaaS platforms, and the growing popularity of Node.js. By joining Red Hat, we now have the 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,” said Cathal McGloin, chief executive officer, FeedHenry, in a statement.
According to Craig Muzilla, senior vice president, Application Platform Business, Red Hat, “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.”