IBM to Acquire Red Hat & Change the Existing Cloud Paradig
IBM is all set to acquire the tech frontrunner Red Hat to improve upon the existing cloud paradigm and unlock its true business potential. A merger valued at $34 billion, it is predicted to open the approach an unprecedented security and catalyse IBM’s growth as the number one player in the market, bearing an unmatched quality and scalability among the technical community.
Ginni Rometty, President & Chief Executive Officer, IBM states, "The acquisition of Red Hat is a game-changer. It changes everything about the cloud market. IBM will become the world's #1 hybrid cloud provider, offering companies the only open cloud solution that will unlock the full value of the cloud for their businesses”.
In a world where organisations are leveraging multiple cloud platforms for singular functions, the merger between these seeks to encompass the clutter and bring it under one platform where all business functions can be executed efficiently and securely while adhering to the Red Hat’s open governance, open source contributions, participation in the open source community & development model and fostering its widespread developer eco-system.
This is will clear almost 80 percent of the redundant work and improve data mobility, all reinforced by a multi-cloud environment and a consistent cloud management. This will further enable them tol draw on their shared leadership in key technologies, such as Linux, containers, Kubernetes, multi-cloud management, and cloud management and automation. Simultaneously, Red Hat will benefit from IBM's hybrid cloud and enterprise IT scale in helping expand their open source technology portfolio to businesses globally. Post the acquisition, Red Hat will be a part of IBM’s Hybrid Cloud Team as a distinct unit and will continued to be led by the current management team.
IBM's commitment to keeping the things that have made Red Hat successful - always thinking about the customer and the open source community first – make this a tremendous opportunity for not only Red Hat but also open source more broadly," states Paul Cormier, President, Products & Technologies, Red Hat.
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