Red Hat, Inc., the world's leading provider of open source
solutions, today announced that it has signed a definitive agreement to
acquire eNovance, a leading 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.
As noted by IDC analysts Laura DuBois and Ashish Nadkarni in their
recent recap of the spring 2014 OpenStack Summit, "Integrators such as
eNovance will continue to assist cloud service providers and enterprises
in building large OpenStack clouds. ... The future for OpenStack is
looking very bright. The next Summit in Paris, France, will take
OpenStack to the next phase of its fascinating journey to become a de
facto cloud OS."1
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.
Red Hat will update its guidance and the effect of the eNovance
acquisition during its Q1 Fiscal Year 2015 Earnings webcast. The call is
scheduled to begin at 5:00 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.