IBM closes Red Hat acquisition for USD 34 bn

Together, IBM and Red Hat will roll out a hybrid multicloud platform. 

IBM Jul 10th 2019 A-A+
ibm3_0.jpg

IBM closed the landmark acquisition of Red Hat for USD 34 billion. Acquisition positions IBM as the leading hybrid cloud provider and accelerates IBM’s high-value business model, extending Red Hat’s open source innovation to a broader range of clients. Soon, IBM and Red Hat will announce specific details of new offerings the two companies are delivering to bring greater value to clients. 

This will include the announcement of a next-generation hybrid multicloud platform, with Red Hat OpenShift and Red Hat Enterprise Linux, to accelerate innovation opportunities for clients. 

Related: IBM to acquire Red Hat in USD 34bn blockbuster deal

Based on open technologies, such as Linux and Kubernetes, the platform will allow businesses to securely deploy, run and manage data and applications on premises and on private and multiple public clouds. 

Ginni Rometty, chairman, president and CEO, IBM, said, “Businesses are starting the next chapter of their digital reinventions, modernizing infrastructure and moving mission-critical workloads across private clouds and multiple clouds from multiple vendors. They need open, flexible technology to manage these hybrid multicloud environments. And they need partners they can trust to manage and secure these systems. IBM and Red Hat are uniquely suited to meet these needs. As the leading hybrid cloud provider, we will help clients forge the technology foundations of their business for decades to come.” 

IBM has committed to scaling and accelerating open source and hybrid cloud for businesses across industries, as well as preserving the independence and neutrality of Red Hat’s open source heritage. This includes its open source community leadership, contributions and development model; product portfolio, services, and go-to-market strategy; robust developer and partner ecosystems, and unique culture. 

Jim Whitehurst, CEO, Red Hat, said, “When we talk to customers, their challenges are clear: They need to move faster and differentiate through technology. They want to build more collaborative cultures, and they need solutions that give them the flexibility to build and deploy any app or workload, anywhere. We think open source has become the de facto standard in technology because it enables these solutions. Joining forces with IBM gives Red Hat the opportunity to bring more open source innovation to an even broader range of organizations and will enable us to scale to meet the need for hybrid cloud solutions that deliver true choice and agility.” 

The complete announcement can be viewed here

IBM closes Red Hat acquisition for USD 34 bn

Together, IBM and Red Hat will roll out a hybrid multicloud platform. 

IBM
ibm3_0.jpg

IBM closed the landmark acquisition of Red Hat for USD 34 billion. Acquisition positions IBM as the leading hybrid cloud provider and accelerates IBM’s high-value business model, extending Red Hat’s open source innovation to a broader range of clients. Soon, IBM and Red Hat will announce specific details of new offerings the two companies are delivering to bring greater value to clients. 

This will include the announcement of a next-generation hybrid multicloud platform, with Red Hat OpenShift and Red Hat Enterprise Linux, to accelerate innovation opportunities for clients. 

Related: IBM to acquire Red Hat in USD 34bn blockbuster deal

Based on open technologies, such as Linux and Kubernetes, the platform will allow businesses to securely deploy, run and manage data and applications on premises and on private and multiple public clouds. 

Ginni Rometty, chairman, president and CEO, IBM, said, “Businesses are starting the next chapter of their digital reinventions, modernizing infrastructure and moving mission-critical workloads across private clouds and multiple clouds from multiple vendors. They need open, flexible technology to manage these hybrid multicloud environments. And they need partners they can trust to manage and secure these systems. IBM and Red Hat are uniquely suited to meet these needs. As the leading hybrid cloud provider, we will help clients forge the technology foundations of their business for decades to come.” 

IBM has committed to scaling and accelerating open source and hybrid cloud for businesses across industries, as well as preserving the independence and neutrality of Red Hat’s open source heritage. This includes its open source community leadership, contributions and development model; product portfolio, services, and go-to-market strategy; robust developer and partner ecosystems, and unique culture. 

Jim Whitehurst, CEO, Red Hat, said, “When we talk to customers, their challenges are clear: They need to move faster and differentiate through technology. They want to build more collaborative cultures, and they need solutions that give them the flexibility to build and deploy any app or workload, anywhere. We think open source has become the de facto standard in technology because it enables these solutions. Joining forces with IBM gives Red Hat the opportunity to bring more open source innovation to an even broader range of organizations and will enable us to scale to meet the need for hybrid cloud solutions that deliver true choice and agility.” 

The complete announcement can be viewed here