Red Hat, the global leader of open source solutions in the enterprise, announced it will acquire FuseSource from Progress Software Company. FuseSource will join Red Hat’s middleware product JBoss to aid with application integration and messaging. Red Hat’s acquisition of FuseSource is on the heels of its acquisition of Gluster (now Red Hat Storage) as Red Hat makes a push to strengthen its portfolio of products after achieving a historic $1 Billion revenue year in 2011. Read the entire release from Red Hat’s website below:
June 27, 2012
Open source integration and messaging provider will enhance Red Hat’s JBoss middleware portfolio
RALEIGH, N.C. – June 27, 2012 – 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 Red Hat 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.