Addition of eNovance Deepens Red Hat's OpenStack Technical Expertise
RALEIGH, N.C.--(BUSINESS WIRE)--
Red Hat, Inc. (NYSE: RHT), the world's leading provider of open source
solutions, today announced that it has signed a definitive agreement to
acquire eNovance, a leading provider of open source cloud computing
services. Combined with Red Hat's existing leadership in OpenStack, the
addition of eNovance's systems integration capabilities and engineering
talent is aimed at meeting growing demand for enterprise OpenStack
consulting, design and deployment.
As noted by IDC analysts Laura DuBois and Ashish Nadkarni in their
recent recap of the spring 2014 OpenStack Summit, "Integrators such as
eNovance will continue to assist cloud service providers and enterprises
in building large OpenStack clouds. ... The future for OpenStack is
looking very bright. The next Summit in Paris, France, will take
OpenStack to the next phase of its fascinating journey to become a de
facto cloud OS."1
Founded in 2008 by Raphaël Ferreira, Nicolas Marchal and Pierre Molin,
eNovance helps service providers and large-scale private enterprises
build and deploy cloud infrastructures quickly and cost effectively.
Additionally, they help leading organizations manage a multitude of
customer web applications on many of the world's largest public clouds.
Like Red Hat, eNovance is at the forefront of the OpenStack community.
The company is one of the top 10 contributors to the upstream OpenStack
project, and is the only European Gold Member company of the OpenStack
Foundation. eNovance has more than 150 global customers, including
Alcatel-Lucent, AXA, Cisco, Cloudwatt, and Ericsson. The company has
offices in Paris; Montreal; and Bangalore, India.
Red Hat and eNovance first
partnered in 2013 to deliver OpenStack implementation and
integration services to joint customers, helping to accelerate adoption
of Red Hat Enterprise Linux OpenStack Platform. Most recently, in May
2014, the two companies announced an expanded
collaboration to drive Network Functions Virtualization (NFV) and
telecommunications innovations into OpenStack, aimed at delivering the
industry's most complete, carrier-grade telecommunications offering
based on Linux, Kernel-based Virtual Machine (KVM), and OpenStack.
Red Hat has agreed to acquire eNovance, a privately-held company, for
approximately 50 million Euros in cash and 20 million Euros in shares of
Red Hat common stock, subject to certain adjustments at closing. The
transaction is expected to close in June 2014, subject to customary
closing conditions.
Red Hat will update its guidance and the effect of the eNovance
acquisition during its Q1 Fiscal Year 2015 Earnings webcast. The call is
scheduled to begin at 5:00 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.
Supporting Quotes
Raphaël Ferreira, co-founder & chief executive officer, eNovance
"eNovance, like Red Hat, understands the transformative power OpenStack
can have on the enterprise market when it is both deployed and
integrated in the right fashion. We are excited to become part of Red
Hat, a company that not only offers one of the best-in-class OpenStack
distributions on the market today, but also which shares our common
belief that OpenStack is best deployed and integrated in a continuous
and seamless manner. This shared philosophy, combined with our mutual
deep expertise and capabilities will help us achieve our initial goal
from the very founding of the company, which was to bring the power and
openness of OpenStack to the broadest global audience possible."
Arun Oberoi, executive vice president, Global Sales and Services, Red
Hat
"eNovance is a world-class cloud computing services provider with a
proven track record of successful global deployments. eNovance's deep
OpenStack expertise, combined with Red Hat's enterprise-class OpenStack
offerings, including Red Hat Enterprise Linux OpenStack Platform and Red
Hat Cloud Infrastructure, can be a game-changer as a growing number of
global organizations turn to OpenStack for their cloud deployments."
Additional Resources
Connect with Red Hat
Connect with eNovance
About Red Hat, Inc.
Red Hat is the world's leading provider of open source software
solutions, using a community-powered approach to reliable and
high-performing cloud, Linux, middleware, storage and virtualization
technologies. Red Hat also offers award-winning support, training, and
consulting services. As the connective hub in a global network of
enterprises, partners, and open source communities, Red Hat helps create
relevant, innovative technologies that liberate resources for growth and
prepare customers for the future of IT. Learn more at http://www.redhat.com.
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Red Hat and Red Hat Enterprise Linux trademarks of Red Hat, Inc.,
registered in the U.S. and other countries. Linux® is the
registered trademark of Linus Torvalds in the U.S. and other countries.
The OpenStack mark is either a registered trademark/service mark or
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OpenStack Foundation, or the OpenStack community.
1 From IDC: "OpenStack Grows Up - Observations from the 2014
Atlanta OpenStack Summit" - May 2014, IDC #248738, available at http://www.idc.com/getdoc.jsp?containerId=248738.
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