Red Hat Acquires API Management Platform 3scale

redhatRed Hat, Inc. (NYSE: RHT), a Raleigh, NC-based provider of open source solutions, is to acquire 3scale, a Barcelona, Spain- and San Francisco-based provider of application programming interface (API) management technology.

The acquisition is expected to have no material impact to Red Hat’s revenue while GAAP operating expense are expected to increase by approximately $7m for fiscal 2017.

The two companies began partnering in early 2015 to deliver a comprehensive platform for API-based application development. Most recently, 3scale introduced a containerized version of their API Gateway for Red Hat OpenShift, enabling users to create applications with microservices distributed across diverse, hybrid environments.
By adding 3scale to its existing portfolio, including Red Hat JBoss Middleware, Red Hat OpenShift and Red Hat Mobile Application Platform, Red Hat strengthens its enablement of the API economy with simplified cloud integration and microservices-based architectures.

Founded in 2007 and led by Steven Willmott, CEO, 3scale provides a hybrid cloud based API management platform, which separates the cloud management layer from the API gateway, within a self-service model to more than 700 organizations across multiple industries, including Campbell’s Soup, Cartera Commerce, CrunchBase, Johnson Controls, Oxford University Press, SITA, and the University of California, Berkeley.

FinSMEs

24/06/2016

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