Red Hat Inc (RHT) to acquire ENovance for $95 million

Posted Jun 18, 2014

Red Hat Inc (NYSE:RHT) has announced on Wednesday that it has signed a definitive agreement to acquire eNovance for $95 million. eNovance is a leading provider of open source cloud computing services.

eNovance’s systems integration capabilities and engineering talent is aimed at meeting the growing demand for enterprise OpenStack consulting, design and deployment. eNovance was founded in 2008 by Raphaël Ferreira, Nicolas Marchal and Pierre Molin. 

eNovance helps providers and large-scale private enterprises build and deploy cloud infrastructures quickly and cost effectively. They help leading organizations manage customer web applications on many of the largest public clouds. eNovance has over 150 global customers, including Cisco, Ericsson, Alcatel-Lucent, and AXA.