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Red Hat to Acquire eNovance

Red Hat and eNovance first partnered in 2013 to deliver OpenStack implementation and integration services to joint customers

Red Hat, Inc., on Wednesday announced that it has signed a definitive agreement to acquire eNovance, a 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.

 

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.

More Stories By Liz McMillan

News Desk compiles and publishes breaking news stories, press releases and latest news articles as they happen.

@ThingsExpo Stories
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