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IBM buys Red Hat, a provider of open source cloud software. The two companies have reached a final agreement whereby IBM will acquire all of the issued and outstanding common shares of Red Hat for approximately $ 34 billion. This is the largest acquisition ever made by IBM.
"The acquisition of Red Hat changes the game and changes everyone in the cloud market," said Ginni Rometty, president and CEO of IBM. "IBM becomes the world's # 1 hybrid cloud provider and offers businesses the only open cloud solution that fully leverages the value of cloud for their business."
Cloud
"Most companies currently only have 20% of their resources – travel in the cloud and rent computing power to reduce costs," said IBM CEO. "The next 80% aims to unlock business value and drive growth, the next chapter in the cloud: it requires moving business applications to the hybrid cloud, extracting additional data and optimizing all parts of the business, supply chains to sales. "
Open Source
" Open source is the standard choice of modern computing solutions and I am extremely proud of the role that Red Hat played to bring this reality into the business, "said Jim Whitehurst, President and CEO of Red Hat. "Joining IBM will provide us with greater scale, resources, and opportunities to accelerate the impact of open source as a foundation for digital transformation and bring Red Hat to an even larger audience – while now our unique culture and firmness open source innovation. "
Applications
According to both parties, this acquisition brings together the best hybrid cloud providers and allows businesses to securely transfer all applications from the cloud. business to the cloud. Companies are already using several clouds today. However, research shows that 80% of business workloads still need to move to the cloud, constrained by the nature of the current cloud market. This prevents the portability of data and applications across multiple clouds, data security in a multi-cloud environment, and consistent cloud management.
Hybrid
IBM and Red Hat claim to be firmly positioned to solve this problem and accept hybrid multi-cloud solutions. to accelerate. Together, they will help customers accelerate cloud-based enterprise applications, improve the portability and security of data and applications across multiple private and public clouds, all with consistent cloud management. In doing so, they will use their shared leadership in key technologies such as Linux, containers, Kubernetes, multi-cloud management, cloud management and automation.
Linux
The collaboration between IBM and Red Hat has been ongoing for 20 years. , with IBM as one of the early supporters of Linux, working with Red Hat to develop and develop Linux from the enterprise level and, more recently, to bring Kubernetes and hybrid cloud solutions to its customers. These innovations have become core technologies in IBM's $ 19 billion hybrid cloud business. Between them, IBM and Red Hat have contributed more to the open source community than any other organization.
"Today's announcement marks the evolution of our years of collaboration," said Rometty. "This includes our joint Hybrid Cloud collaborative announcement in May 2018, an important precursor of our journey to date."
Cloud Providers
With this acquisition, IBM will continue to commit to Red Hat's open governance, Rometty said. open source contributions, participation in the open source community and development model, and the promotion of its extended development ecosystem. In addition, IBM and Red Hat will continue to commit to maintaining the freedom of open source, including through patent promotion, the GPL partnership, the Open Invention Network, and the LOT network.
Enterprise
IBM and Red Hat will also continue their activities. create and enhance Red Hat partnerships, including those with leading cloud providers, such as Amazon Web Services, Microsoft Azure, Google Cloud, Alibaba, etc., in addition to the IBM cloud. At the same time, Red Hat will leverage IBM's hybrid and enterprise cloud technologies to extend its portfolio of open source technologies to companies around the world.
"IBM is determined to be a true multi-cloud provider and will prioritize the use of Red Hat technology for multiple clouds," said Arvind Krishna, executive vice president of IBM Hybrid Cloud. "In doing so, IBM will support open source technology around the world, enabling it to significantly scale up in commercial environments around the world."
Development
As a result of this acquisition, Red Hat will join IBM. Add the Hybrid Cloud team as a separate unit, thereby preserving the independence and neutrality of Red Hat's open source development commitment, its current product portfolio, its marketing strategy and its development culture. Jim Whitehurst and the current Red Hat management team will lead Red Hat. Jim Whitehurst will also join IBM's senior management and report to Ginni Rometty. IBM plans to maintain the headquarters, facilities, brands, and practices of Red Hat.
"source" community – make it an excellent opportunity not only for Red Hat, but also for open source at large, "said Paul Cormier, President, Products and Technologies, Red Hat. the day we decided to introduce open source in the business, our mission has not changed to adapt and accelerate, thanks to which open source innovation is added to an even larger area of society. "
From: Witold Kepinski
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