Red Hat Buys FeedHenry For $82M To Add Mobile App Development To Its Platform

TechCrunch

Some big news today for Red Hat, the open source company that provides a platform for application development and other platform as a service solutions: It is buying FeedHenry, an Ireland-based provider of a platform for mobile app developers, specifically for enterprises to build apps. In a statement on the acquisition, Red Hat says it will be paying €63.5 million ($82 million) in cash for FeedHenry. The deal is expected to close in Q3 (as a point of reference Red Hat is reporting Q2 fiscal 2015 figures today; Red Hat says it will be updating its guidance as a result of the acquisition).

The move speaks to how the sharp rise in smartphone usage — some 1.2 billion handsets will be shipped this year, IDC estimates — has had a knock-on effect in the enterprise world, where both large and small businesses are investing in building applications and security solutions…

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