The open source company Red Hat has announced that it has signed definitive agreement to acquire FuseSource from Progress Software Corporation. FuseSource, a provider of open source integration and messaging, will enable Red Hat to accelerate the delivery of application integration products and services to enterprise customers.
FuseSource, headquarterd in Bedford, Massachusetts serves many Fortune 500 companies with open source integration and open source messaging products based on Apache ServiceMix, Apache ActiveMQ, Apache CFX, and Apache Camel. Red Hat does not expect that this transaction will have a material impact on its financial statements for fiscal year 2013. Red Hat expects to announce comprehensive commercialization plans later this summer.