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IBM Closes $34B Red Hat Acquisition

Jul 10, 2019 - ICT Monitor Worldwide
Mergers and Acquisitions

Arvind Krishna, senior vice president for cloud and cognitive software at IBM, said IBM and Red Hat together will be in a better position to address what he described as Chapter Two of a continuing cloud journey. With 80% of applications still running in on-premises IT environments some 10 years after the arrival of public clouds, its apparent hybrid cloud computing will become the dominant form of IT, he said.

Red Hat will play a critical role in helping customers achieve that goal using ...