Open source solutions provider Red Hat today announced the acquisition of an application program interface (API) management software company3scale.
For Red Hat, the present acquisition transactions may not have much substantive impact, but, according to this statement has been listed on the open source software service providers released, in accordance with generally accepted accounting principles (GAAP), the the company's operating expenses in fiscal year 2017 will reach $ 700 million. In fact, in addition to the existing cloud services technology, Red Hat may deploy 3scale application program interface management services in-house. Mike Piech, vice president and general manager of Red Hat's middleware division revealed in a blog post, they will soon use & ldquo; Red Hat way & rdquo; 3scale open source. In addition, the acquisition also 3scale existing software platform for Red Hat products a complement. He wrote:
3scale technology can supplement Red Hat JBoss middleware, the current Red Hat JBoss Enterprise Application Platform (EAP), JBoss Fuse, JBoss A-MQ and Red Hat in terms of mobile application platforms, 3scale stable and comprehensive API management software can enhance each product integration function. Our customers particularly value the API integration project management capabilities when, after the acquisition 3scale, we can finally achieve this functionality in a reliable JBoss open source application service.
The main competitor of Apigee 3scale has been listed last year, in addition to a management company Mashery API as early as 2013 by Intel acquired.
3scale was founded in 2007, with offices in San Francisco and Barcelona. In 2013, the company won the Javelin Venture Partners and Costanoa VentureCapital two venture capital investment of $ 4.2 million, and its main customers include Campbell, Orange and Telegraph.
Last year, Red Hat acquired in order to expand the service function of the operating software development company Ansible. The addition to the acquisition 3scale addition, Red Hat also announced that it will execute $ 1 billion share repurchase program, and released earnings for the quarter ended May 31 of. According to earnings data show that the company's non-GAAP net income was $ 92 million, non-diluted earnings per share of 50 cents on revenues of $ 568 million. According to industry analysts assess, although Red Hat revenue below expectations, but revenue was better than forecast.
Red Hat shares fell 5 percent in after-hours trading.