IBM To Acquire RedHat, Signalling Massive Change In Cloud Landscape
IBM To Acquire Red Hat, Completely Changing The Cloud Landscape And Becoming World’s #1 Hybrid Cloud Provider
– Most significant tech acquisition of 2018 will unlock true value of cloud for business
– IBM and Red Hat to provide open approach to cloud, featuring unprecedented security and portability across multiple clouds
– Deal accelerates IBM’s high-value business model, making IBM the #1 hybrid cloud provider in an emerging $1 trillion growth market
– Acquisition will be free cash flow and gross margin accretive within 12 months, accelerate revenue growth and support a solid and growing dividend
– IBM to maintain Red Hat’s open source innovation legacy, scaling its vast technology portfolio and empowering its widespread developer community
– Red Hat to operate as a distinct unit within IBM’s Hybrid Cloud team