Red Hat to acquire mobile apps platform firm FeedHenry
FeedHenry intended to add mobile app services capabilities to OpenShift, JBoss middleware
Open source solutions provider Red Hat, Inc, today announced it has agreed terms to acquire mobile application platform firm FeedHenry for EUR63.5m ($81.6m).
FeedHenry is intended to expand Red Hat's application development, integration, and Platform-as-a-Service (PaaS) solutions portfolio, enabling the open source specialist to support mobile application development in public and private environments.
IDC predicts the mobile application platform market will grow at a compound annual growth rate (CAGR) of 38.7%, from $1.4bn in 2013 to $4.8bn by 2017. FeedHenry focuses on delivering accelerated development capabilities through private clouds, public clouds, and on-premise solutions.
The mobile app platform also integrates with mobile application and device management solutions such as AirWatch and MobileIron.
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Founded in 2010 as a spin-off from the Telecommunications Software and Systems Group at the Waterford Institute of Technology, FeedHenry serves a customer base that includes Aer Lingus, Baystate Health, and O2 UK and Ireland. Its partners include Brillio, Court Square, Mubaloo, Rackspace, Telefonica, and UST. The company has offices in Waterford and Dublin, Ireland; Staines, England; and Burlington, Massachusetts, US.
"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," said Cathal McGloin, chief executive officer, FeedHenry. "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 optimise for the mobile-first world."
"The mobile application platform is one of the fastest growing segments of the enterprise software market," added Craig Muzilla, senior vice president, Application Platform Business, Red Hat. "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."