In July, the enterprise technology giant completed its $34 billion acquisition of Red Hat, the dominant provider of open-source operating system software and support. The deal is a bet that IBM (ticker: IBM) can sell more of its own software and services to Red Hat’s customers—and that IBM customers are the perfect target to become Red Hat customers. The Red Hat deal is just one in a decadeslong series of IBM moves to keep up with shifting technology trends. Read More...
In July, the enterprise technology giant completed its $34 billion acquisition of Red Hat, the dominant provider of open-source operating system software and support. The deal is a bet that IBM (ticker: IBM) can sell more of its own software and services to Red Hat’s customers—and that IBM customers are the perfect target to become Red Hat customers. The Red Hat deal is just one in a decadeslong series of IBM moves to keep up with shifting technology trends.
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