IBM completes $34-billion acquisition of Red Hat

Red Hat and IBM

Almost a year after IBM purchased Red Hat, the $34 billion acquisition was recently finalised.

Apparently, Red Hat will continue to operate as a distinctive unit within IBM, reporting as a part of IBM's Cloud and Cognitive Software business.

IBM's acquisition of software provider Red Hat has reportedly now been finalized. For now, IBM is heavily emphasizing its desire to leverage Red Hat's connections in the open source community to scale, with a focus on the hybrid cloud. "When we started on this journey of Linux many years ago", he said, "of making Linux the ubiquitous platform out there and then, further on down the line, really building our portfolio around that to build a truly hybrid cloud product portfolio, our goal had always been to make that the ubiquitous set of technologies and platforms across the enterprise", said. The company allows customers to integrate new and existing IT applications, develop cloud-native applications, standardize on operating system, and automate, secure, and manage complex environments. In the 12 months through the first quarter of 2019, cloud revenue exceeded $19 billion.

In acquiring Red Hat, IBM will "turbo charge" the former's growth. The company lags behind Amazon and Microsoft in the cloud infrastructure business.

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The company, which won approval for the purchase from USA regulators in May and European Union regulators in late June, agreed to pay $190 a share for Red Hat, representing a 63 percent premium. One of Red Hat's products called OpenShift, a type of containerization software, is expected to provide IBM a big boost in winning over customers who run mission-critical applications both offline and on private clouds.

IBM's cloud revenue has grown from 4 percent of total revenue in 2013 to 25 percent today. It will maintain its independence and neutrality, insists IBM. Rometty said no job or cost cuts are planned at Red Hat.

"Delta is constantly exploring current and emerging technology as we transform the air travel experience", said Ed Bastian, CEO, Delta. Krishan noted that IBM doesn't have its own Linux distribution and it doesn't have a configuration management tool, like Red Hat Ansible either. "We know first-hand how important and impactful cloud technology contributes to unlocking business value". "Joining forces with IBM gives Red Hat the opportunity to bring more open source innovation to an even broader range of organisations and will enable us to scale to meet the need for hybrid cloud solutions that deliver true choice and agility".

The head of the project, Matthew Miller, today took the time to reassure all Fedora uses that the massive acquisition will in no way affect their favorite distribution. The organization will also keep its Raleigh, N.C. headquarters, as well as the "Red Hat" brand.

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