Open source solutions provider makes acquisition in bid to shore up cloud development tools business
Open source solutions provider Red Hat has announced that it has signed a deal to acquire cloud development tools firm Codenvy.
Codenvy’s portfolio of developer tools and application platforms will be added to Red Hat’s own, as the firm looks to shore up its ability to enable customers to create applications for hybrid cloud environments.
Red Hat said that it plans to make Codenvy an integral part of OpenShift.io, its recently announced hosted development environment for building hybrid cloud services on OpenShift.
Red Hat said in a statement: “Historically, software engineers have spent more time each week on administration and other tasks, including environment management, than actual coding. And often, developers can find themselves working on multiple projects concurrently, but in different programming languages.
“As more IT organizations move to continuous delivery with DevOps and containers to speed the delivery of modern, cloud-native applications, developers have turned to new tools like Codenvy that can enable development teams to build complex applications faster with fewer inconsistencies across environments, ” it added.
Craig Muzilla, senior vice president, application platforms business at Red Hat emphasised the important of developers to modern organisations.
“Thanks to the increasing push towards digital transformation and the use of technology platforms, including apps, as a strategic business advantage, the role of the developer has never been more important. But, accelerated innovation through agile development requires new approaches and tools.
“We are thrilled to add Codenvy’s cloud-native development tools and containerized workspaces to Red Hat’s already expansive portfolio of solutions for building modern, cloud-native apps, to help make developers more successful, ” said Muzilla.
Red Hat also stated that the deal would have no material impact on its projected earnings this quarter.
