Red Hat To Acquire Codenvy For Cloud DevOps Tools

5/26/17

Quick Take

Open source software and services company Red Hat (RHT) has announced its intention to acquire Codenvy, a maker of cloud-based developer workspace tools.

Codenvy has created improved application developer workspaces that speed up software development between team members working with containers.

The deal presents low integration risk and will likely differentiate Red Hat’s offerings to DevOps-oriented customers and prospects.

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