Red Hat Acquires FeedHenry To Boost Mobile Business

By | September 18, 2014

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Red Hat on Thursday announced an acquisition to boost its mobile business. Red Hat (RHT), the leading provider of Linux-based open-source software, reached an agreement to acquire FeedHenry, a developer of enterprise mobile application platforms, for $81.8 million. The deal is expected to close in about a year. Red Hat stock slipped a fraction in early trading in the stock market today, but it’s up 9% this year. Red Hat has fueled much of its Scalper1 News

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