AP News

Red Hat acquires business technology from Polymita


RALEIGH, N.C. (AP) — Red Hat Inc., which sells the Linux open-source operating system, said Tuesday it acquired business process management technology developed by Polymita Technologies SL, a Spanish startup.

Financial terms were undisclosed.

Red Hat said the move expands its business process management offerings.

Red Hat said it does not expect the deal will affect its financial results for the fiscal year ending Feb. 28, 2013.

Shares closed down 37 cents at $56.88, then gained that same 37 cents back in aftermarket trading following the announcement.


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