Nowadays the purchase or merger of the big technology companies is nothing new, and it seems that now we will have another big purchase, we are talking about IBM that will buy Red Hat.
A IBM has officially announced that it will buy the open source software company Red Hat for 34 billion USD!
This agreement will help IBM expand its reach as a corporate cloud computing provider.
Acompany says the acquisition will expand its cloud computing offerings while ensuring that its services will enable more companies to change their operations online, and that the proprietary nature of existing cloud systems means that it is more difficult to move and protect data from system to system. According to some information, said agreement is the largest that IBM has done so far, yet it seems that the company IBM has a negative balance in profits.
It is worth mentioning that IBM was once just a major hardware manufacturer, the company has shifted focus since the 90 years to focus on web and corporate hosting services. And for those who do not know, Red Hat is the leading provider worldwide open source software solutions for enterprises, using a community-based approach to deliver reliable, high-performance technologies for Linux, hybrid cloud.
Red Hat helps customers integrate new and existing IT applications, develop native cloud applications, protect and manage complex environments.
