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IBMs new firm NewCo to help expand services in India: IBM India MD Sandip Patel

Jan 04, 2021 - ICT Monitor Worldwide
Mergers and Acquisitions

With the IBM (International Business Machines Corporation) deciding to separate its managed infrastructure services business, a top company executive has said the "NewCo", as the spin-off is currently referred to, would help the tech giant expand its services in India and drive growth across the two "fundamentally distinct" business models.

The separation, which is expected to be completed by the end of 2021, would help IBM focus on its hybrid cloud strategy. "The market for both IBM and N...