IBM finalized its acquisition of Red Hat. Moving forward, Red Hat will operate as a distinct unit within IBM, and I couldn't be more excited—not only for what today represents in the history of two storied technology companies, but what it means for the future of the industry, for our ...
The acquisition redefines the cloud market for business. Red Hat’s open hybrid cloud technologies are now paired with the unmatched scale and depth of IBM’s innovation and industry expertise, and sales leadership in more than 175 countries. Together, IBM and Red Hat wil...
The Department of Justice has approved IBM's acquisition of Red Hat. Since IDC thinks Red Hat Enterprise Linux alone is expected to contribute to more than $10 trillion worth of global business revenues in 2019, IBM's $34 billion acquisition of Red Hat i
IBM stated to buy the software company Red Hat for $34 billion. The acquisition will take place as part of the strategy to diversify its technology hardware and consulting business into higher-margin products and services. IBM CEO Ginni Rometty was facing challenges in growing IBM revenue. While...
ibm has been in a state of turmoil for years. the stock recently set a multi-year low. however, the acquisition of red hat could bring ibm back to growth. in the meantime, shares hold a reasonable valuation and an attractive 4.5% dividend yield. by josh arnold international business ...
IBM has a strong presence in the PaaS space; however, it has a low market share in IaaS and SaaS. Ginni Rometty, CEO of IBM, expects the enterprise cloud business opportunity to be worth USD 1 trillion by 2020. Through the Red Hat acquisition, IBM aims to further solidify its position ...
This deal is the biggest Linux and open-source acquisition ever. Written by Steven Vaughan-Nichols, Senior Contributing Editor Oct. 28, 2018 at 12:16 p.m. PT read this Open Mainframe Project: IBM and friends recommit to mainframe Linux Read now IBM has agreed to acquire Red Hat for...
Although the price of the acquisition has raised eyebrows among investors, few observers are questioning the strategic fit. “IBM and Red Hat have worked closely together for over two decades and mutually support thousands of business customers,” said Charles King, principal analyst at Pund-IT Inc...
IBM previously said it hoped its acquisition of Red Hat will help it do more work in the cloud, one of its four key growth drivers, which are also social, mobile and analytics. The company lags behindAmazonandMicrosoftin the cloud infrastructure business. IBM has seenthree consecutive quarters...
The year- to-year change of $18.8 billion was driven by a decrease in net cash provided from debt transactions ($20.0 billion) primarily driven by a higher level of net additions in the prior year to fund the Red Hat acquisition and a decrease in cash used for gross common stock ...