This deal is aimed to expand the companys subscription-based software offerings in the fast-growing and profitable cloud market.
The acquisition of Red Hat is a game-changer.
Most companies today are only 20 percent along their cloud journey, renting compute power to cut costs.
The next 80 percent is about unlocking real business value and driving growth.
This is the next chapter of the cloud.
The largest software transaction in history and its an open source company.
Let that sink in for a minute.
We just made history.
Whitehurst also will join IBMs senior management team and report to Rometty.
IBM has plans to maintain Red Hats headquarters, facilities, brands, and practices.
Since the day we decided to bring open source to the enterprise, our mission has remained unchanged.
source: www.techworm.net
