Red Hat buys its developers a present in the form of Codenvy

Open source enterprise software vendor Red Hat has announced its first acquisition for a year in the form of cloud development startup Codenvy.
Red Hat’s whole business model hinges on further developing open source software – principally Linux and its offshoots – to make it ‘enterprise grade’, i.e. finished products for a range of enterprise needs. Its fastest-growing vertical these days is telecoms and Red Hat seems strongly positioned to assist the industry with