Red Hat – RHT – To Acquire FuseSource
Red Hat, Inc. (NYSE: RHT), the world’s leading provider of open source solutions to the enterprise, today announced that it has signed a definitive agreement to acquire FuseSource from Progress Software Corporation. FuseSource, a provider of open source integration and messaging, will enable RHT to accelerate the delivery of application integration products and services to enterprise customers.
“Application integration software is one of the fastest growing segments of the enterprise software market,” said Craig Muzilla, vice president and general manager of middleware at Red Hat. “As cloud computing becomes more prevalent, enterprise customers are demanding greater application integration to enable seamless use of cloud computing. With the addition of FuseSource to our middleware portfolio, we will enable customers to experience greater integration capabilities and flexibility. FuseSource’s technologies, expertise, and commitment to open source make them a great fit.”
Headquartered in Bedford, Massachusetts, FuseSource serves many Fortune 500 companies with open source integration and open source messaging products based on Apache ServiceMix, Apache ActiveMQ, Apache CFX, and Apache Camel. FuseSource technical leadership includes highly respected open source contributors that are expected to continue to play important roles in the middleware community projects. Through the FuseSource acquisition, Red Hat will enhance capabilities within JBoss integration software. This technology complements the JBoss product line and will move Red Hat closer to the next generation of application integration products.
The consummation of the acquisition is subject to customary closing conditions. Red Hat does not expect that this transaction will have a material impact on its financial statements for fiscal year 2013. Red Hat expects to announce comprehensive commercialization plans later this summer.
About Red Hat, Inc. RHT
Red Hat (RHT ) is the world’s leading provider of open source software solutions, taking a community-powered approach to reliable and high-performing cloud, Linux, middleware, storage and virtualization technologies. RHT 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.
Red Hat, Inc. (NYSE: RHT), the world’s leading provider of open source solutions to the enterprise, today announced that it has signed a definitive agreement to acquire FuseSource from Progress Software Corporation. FuseSource, a provider of open source integration and messaging, will enable RHT to accelerate the delivery of application integration products and services to enterprise customers.
“Application integration software is one of the fastest growing segments of the enterprise software market,” said Craig Muzilla, vice president and general manager of middleware at Red Hat. “As cloud computing becomes more prevalent, enterprise customers are demanding greater application integration to enable seamless use of cloud computing. With the addition of FuseSource to our middleware portfolio, we will enable customers to experience greater integration capabilities and flexibility. FuseSource’s technologies, expertise, and commitment to open source make them a great fit.”
Headquartered in Bedford, Massachusetts, FuseSource serves many Fortune 500 companies with open source integration and open source messaging products based on Apache ServiceMix, Apache ActiveMQ, Apache CFX, and Apache Camel. FuseSource technical leadership includes highly respected open source contributors that are expected to continue to play important roles in the middleware community projects. Through the FuseSource acquisition, Red Hat will enhance capabilities within JBoss integration software. This technology complements the JBoss product line and will move Red Hat closer to the next generation of application integration products.
The consummation of the acquisition is subject to customary closing conditions. Red Hat does not expect that this transaction will have a material impact on its financial statements for fiscal year 2013. Red Hat expects to announce comprehensive commercialization plans later this summer.
About Red Hat, Inc. RHT
Red Hat (RHT ) is the world’s leading provider of open source software solutions, taking a community-powered approach to reliable and high-performing cloud, Linux, middleware, storage and virtualization technologies. RHT 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.
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Post Written By: Ed Liston
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.
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