Red Hat posted strong quarterly results on Thursday that beat Wall Street’s expectations, and a big part of the news was that the company is starting to see meaningful revenue from its many initiatives surrounding the OpenStack cloud computing platform. If things go according to the company's playbook, it will start to draw recurring revenue from subscription support for OpenSack deployments similar to the subscription revenues it gets for supporting its other open source platforms.
Meanwhile, Red Hat announced that it has signed a definitive agreement to acquire FeedHenry, an enterprise mobile application platform provider. FeedHenry fits into Red Hat’s portfolio of application development, integration, and Platform-as-a-Service (PaaS) solutions.
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