June 18, 2014

Red Hat to Acquire eNovance, Focus Together on OpenStack

In conjunction with the recent OpenStack Summit in Atlanta, Red Hat had confirmed many new OpenStack-centric initiatives, one of which was that the company is collaborating with eNovance, a leader in the open source cloud computing market, tto drive Network Functions Virtualization (NFV) and telecommunications features into OpenStack. Now, Red Hat has announced that it will acquire eNovance for about  70 million euros, or $95 million, in cash and stock.

eNovance is an important player on the OpenStack scene, and is especially known for its work with telecommunications companies.  eNovance helps service providers and large-scale private enterprises build and deploy cloud infrastructures quickly and cost effectively, and will create new lines of business for Red Hat.

 

Read more at Ostatic
Click Here!