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IBM's acquisition of open source company Red Hat means that Big Blue is betting that the future of cloud computing is hybrid and it has made the purchase to cover its flanks in this area, the technology analyst firm Gartner says.

Published in Open Source

IBM’s acquisition of Red Hat for US$34 billion is a win-win for both companies, according to analyst firm GlobalData, and will give IBM a solid bridge between its existing on-premise hardware and its global cloud platform.

Published in Strategy
Monday, 29 October 2018 05:28

IBM to acquire Red Hat for US$34 billion

Tech services and hardware vendor IBM has acquired open source company Red Hat for a sum of about US$34 billion, the two companies announced on Sunday, US time.

Published in Deals
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