Red Hat Acquires FeedHenry To Move Into The Mobile Space — forbes.com

It’s been a big day in tech news – Larry Ellison (kind of) stepping down from the CEO role at Oracle Oracle. acquiring Concur. Amongst those big events, the modest acquisition of a mobile backend vendor by Red Hat Red Hat didn’t really rate. But Red Hat acquiring is actually interesting. FeedHenry is a mobile development platform that competes with vendors such as Parse, , Appcelerator and many others. The idea of all of these vendors is that, with the world moving increasingly to mobile software, solutions that help organizations build and deploy mobile apps are increasingly valuable. FeedHenry, an Ireland-based startup, was funded back in 2010 and had only done a single round of investment – raising $9 million from Intel Intel Capital, and others. Red Hat is paying €63.5 million ($82 million) in cash for FeedHenry. The deal is expected to close in Q3.

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