FeedHenry will add mobile application services to OpenShift and Red
Hat JBoss Middleware
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 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 2013.1 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 2017.2
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.
Webcast
Craig Muzilla, senior vice president, Application Platform Business, Red
Hat, and Cathal McGloin, chief executive officer, FeedHenry, will host a
webcast to discuss this announcement tomorrow, Sept. 19, 2014, at 11
a.m. EDT. Following remarks, press and analysts are invited to
participate in a live question and answer session.
To join the webcast or view the replay after the event, visit https://vts.inxpo.com/Launch/Qreg.htm?ShowKey=21753.
Supporting Quotes
Cathal McGloin, chief executive officer, FeedHenry
"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 an
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."
Craig Muzilla, senior vice president, Application Platform Business,
Red Hat
"The mobile application platform is one of the fastest growing segments
of the enterprise software market. 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."
Richard Marshall, research director, Gartner
"Building and deploying useful mobile apps is rapidly becoming a top
concern for IT, as mobile apps bring competitive advantages to most
businesses through improved information flow, faster decision making and
ubiquitous access to key resources.3"
Additional Resources
-
Read the FAQ
-
Learn more about FeedHenry
-
Read a blog
post by FeedHenry CTO Mícheál Ó Foghlú
-
Read a blog
post from Craig Muzilla, senior vice president, Application
Platform Business, Red Hat
Connect with Red Hat
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
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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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"forward-looking statements" within the meaning of the Private
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1 IDC: "Worldwide Smartphone Market Grows 28.6% Year Over
Year in the First Quarter of 2014, According to IDC," April 2014,
available at http://www.idc.com/getdoc.jsp?containerId=prUS24823414.
2 IDC: "Worldwide Mobile Enterprise Application Development
Platform 2013 - 2017 Forecast and 2012 Vendor Share", Stacy Crook and
John Jackson, Nov. 2013, available at http://www.idc.com/getdoc.jsp?containerId=244418.
3 Gartner: "Prioritize Mobile Application Development to
Maximize Business Value," April 2014, G00261751 (Richard Marshall, Jason
Wong, Adrian Leow)
Red Hat, Inc.
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