Red Hat 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.
Enterprises continue to embrace mobile devices as the preferred
way to engage and interact with customers, employees, and partners,
and new enterprise application software development is increasingly
focused on supporting mobile apps and devices. Industry analyst firm
IDC expects 1.2 billion smart phones to ship in 2014, representing
19.3 percent growth over 2013. With this significant shift, mobile
application platforms have become a critical requirement for
efficient development and deployment of backend services for
enterprise mobile applications. Cloud-based mobile application
platforms such as FeedHenry enable enterprises to support enterprise
mobile applications at scale – with centralized security,
notification and integration services. IDC predicts the mobile
application platform market will grow 38.7 percent compound annual
growth rate (CAGR) from $1.4 billion in 2013 to $4.8 billion by
2017.
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, announced in September 2013, providing
a platform and services for mobile developers and applications. With
its xPaaS services for OpenShift, Red Hat is delivering a rich set of
enterprise application, integration and business process automation
capabilities and services in an extensible open PaaS platform, and is
well-positioned to enable accelerated development and deployment of
next-generation enterprise applications and business processes in the
cloud. Mobile application services are a key part of that vision and
FeedHenry provides the security, policy management, synchronization,
and integration features to support mobile applications.
FeedHenry has an open and extensible architecture based on Node.js
for client and server side mobile app development. The FeedHenry
platform offers developers the flexibility to create native (Android,
iOS, Windows Phone and Blackberry), hybrid, HTML5 or web apps. The
platform supports a wide variety of popular toolkits including native
SDKs, hybrid Apache Cordova, HTML5 and Titanium, as well as
frameworks such as Xamarin, Sencha Touch, and other JavaScript
frameworks. FeedHenry simplifies backend integration to business
systems, speeding app delivery with reusable connectors and plug-ins
to common enterprise systems such as salesforce.com, SAP, Oracle and
more. FeedHenry also integrates with leading mobile application and
device management solutions such as AirWatch and MobileIron. The
FeedHenry platform was built to meet today's business demands while
satisfying IT's requirements for security, control, and scalability.
Founded in 2010 as a spin out from the Telecommunications Software
and Systems Group at the Waterford Institute of Technology, FeedHenry
is a leader in mobile enterprise application platform technologies.
By helping organizations accelerate development and collaboration on
mobility projects, FeedHenry gives organizations greater agility,
visibility, and efficiency. FeedHenry has a broad footprint, serving
a customer base that includes Aer Lingus, Baystate Health, and O2 UK
and Ireland, and partners such as Brillio, Court Square, Mubaloo,
Rackspace, Telefonica, and UST. The company has offices in Waterford
and Dublin, Ireland; Staines, England; and Burlington, Mass.
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.
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.
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