M&A Deal Summary

Red Hat Acquires Codenvy

On May 25, 2017, Red Hat acquired internet software and services company Codenvy

Acquisition Highlights
  • This is Red Hat’s 6th transaction in the Internet Software and Services sector.
  • This is Red Hat’s 25th transaction in the United States.
  • This is Red Hat’s 1st transaction in Delaware.

M&A Deal Summary
Date 2017-05-25
Target Codenvy
Sector Internet Software and Services
Buyer(s) Red Hat
Deal Type Add-on Acquisition

Target

Codenvy

Dover, Delaware, United States
Codenvy, Inc. is a provider of cloud-native development tools that enable developers to more easily create modern container-based and cloud-native applications. Codenvy was founded in 2012 and is based in Dover, Delaware.

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Buyer(S) 1

Buyer

Red Hat

Raleigh, North Carolina, United States
Category Company
Founded 1993
Sector Software
Employees8,800
Revenue 2.9B USD (2018)
DESCRIPTION
View of Red Hat's corporate headquarters in Raleigh, North Carolina.
View of Red Hat's corporate headquarters in Raleigh, North Carolina.

Red Hat is a provider of open source software solutions, using a community-powered approach to reliable and high-performing cloud, Linux, middleware, storage and virtualization technologies. Red Hat also offers support, training, and consulting services. Red Hat was formed in 1993 and is based in Raleigh, North Carolina.

DEAL STATS #
Overall 28 of 33
Sector (Internet Software and Services) 6 of 6
Type (Add-on Acquisition) 27 of 32
State (Delaware) 1 of 1
Country (United States) 25 of 30
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-22 3scale

Sunnyvale, California, United States

3scale, Inc. is a provider of application programming interface (API) management technology. 3scale, Inc. was formed in 2007 and is based in Sunnyvale, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-31 Permabit Technology

Cambridge, Massachusetts, United States

Permabit Technology Corp. is a developer of high-performance data efficiency software for storage manufacturers, ODMs, cloud service providers, data centers, software defined storage vendors and professional services organizations. Permabit Technology was founded in 2000 and is based in Cambridge, Massachusetts.

Buy -
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