Red Hat has signed a definitive agreement to acquire Codenvy, provider of cloud-native development tools that enable developers to more easily create modern container-based and cloud-native applications. By adding Codenvy to its existing portfolio of developer tools and application platforms, including Red Hat JBoss Middleware and Red Hat OpenShift, Red Hat continues its efforts to provide solutions that enable developers to create applications for hybrid cloud environments. Red Hat plans to make Codenvy an integral part of OpenShift.io, Red Hat’s recently announced hosted development environment for building hybrid cloud services on OpenShift.
“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 Craig Muzilla, senior vice president, Application Platforms Business, Red Hat.
With Codenvy as part of its Developer portfolio, Red Hat plans to make Eclipse Che and the Codenvy enhancements central to its tooling strategy and extend and integrate the workspace management technology across tools and platforms. OpenShift.io, which includes Eclipse Che, delivers application development tools and environments needed to help organizations maintain relevancy in a digitally transforming marketplace. OpenShift.io is designed to enable development teams, whether in the same building or across the globe, to more effectively collaborate and create containerized, microservices-based solutions, deployed to hybrid cloud environments.
The transaction is subject to customary closing conditions and is expected to have no material impact to Red Hat’s guidance for its first fiscal quarter ending May 31, 2017, or fiscal year ending Feb. 28, 2018.
