Waterford-based software company FeedHenry has been acquired by Red Hat, a leading provider of open source solutions, for €63.5m.
Founded in 2010 as a spin-out from the Telecommunications Software and Systems Group at Waterford Institute of Technology, FeedHenry is a leader in mobile enterprise application platform technologies. It’s client include Aer Lingus, Baystate Health, and O2 UK and Ireland. The company has offices in Waterford and Dublin; Staines, England; and Burlington, Massachusetts.
The acquisition announcement was made yesterday by Red Hat with the transaction expected to close in Q3 2015, subject to customary closing conditions.
Cathal McGloin, CEO of 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 added: “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.”