Red Hat Bolsters Cloud Services With eNovance Acquisition

Posted by red5 on Jun 18, 2014 8:37 PM EDT
eWEEK; By Sean Michael Kerner
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Red Hat today announced the acquisition of privately held eNovance in a deal that brings one of the top OpenStack cloud contributors into the Red Hat fold. The deal is valued at approximately 50 million euros in cash and 20 million euros in shares of Red Hat common stock, which converts to approximately $95 million USD.

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