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ibm and red hat's combined hybrid multi cloud strategy

This platform allows clients to "write-once/run-anywhere," and enables a hybrid cloud approach that drives up to 2.5 times more value for clients than a public cloud-only solution. From its acquisition of software company Red Hat in 2019, to the recent acquisition of Instana, IBM seems to be putting the pieces in place for this strategy. The IBM Hybrid Multi-cloud Vision and Key Think 2020 Announcements With the acquisition of Red Hat, IBM has laid the foundation to win the hybrid cloud war by enabling clients to avoid the pitfalls of single-vendor reliance. IBM and AT&T Bring Open Hybrid Cloud Services to Enterprise Clients for the 5G Era. This creates two industry-leading companies, each with strategic focus and flexibility to drive client and shareholder value. Last year’s calculated acquisition of Red Hat puts IBM’s open hybrid cloud platform, based on Red Hat OpenShift, at the heart of its strategy. For more information about IBM, visit ibm.com/news. Companies are in urgent need of a hybrid cloud architecture to manage the complexity brought by the multi-cloud," he said. CEO Arvind Krishna has said that the company is laser-focussed on the $1-trillion hybrid cloud opportunity, and IBM feels that with Red Hat, they have the edge. The company has not yet completed its financial statement review procedures for the 2020 third quarter. We’ve worked closely with customers across industries to understand their challenges and how we can help them … This includes streamlining its geographic model and transforming its go-to-market structure to better engage with and support clients. In addition, the company announced it would be bringing native OpenShift support to its IBM Z and LinuxONE enterprise hardware systems. First, the company announced it was bringing a cloud native version of OpenShift services to the IBM Cloud, allowing companies that want to stay within the IBM world a more straightforward way to do so. "Red Hat is unlocking innovation with Linux-based technologies, including containers and Kubernetes, which have become the fundamental building blocks of hybrid cloud environments," said Jim Whitehurst, president and CEO, Red Hat. Opinion: IBM leveraging Red Hat for hybrid multi cloud strategy Estimates say 80% of enterprise software is still not cloud ready By Bob O'Donnell on August 6, 2019, 11:17 Survey: JavaScript remains the most popular programming language, Cyberpunk 2077 DLSS + Ray Tracing Benchmark. IBM said to be planning 10,000 job cuts ahead of strategic spinoff. "Our multi-year transformation created the foundation for the open hybrid cloud platform, which we then accelerated with the acquisition of Red Hat. IBM today announced a strategic expansion of capabilities to provide clients with the flexibility to choose where to deploy workloads, from on-premises to the IBM public cloud, and drive forward their journey to the hybrid cloud. As a result, Red Hat needs to reassure all its other cloud platform partners that it will continue to work equally well on them as it does on IBM’s own cloud platform. Bolstering its support of the multi-cloud strategy, IBM is unveiling: Cloud Migration Capabilities: New capabilities for the IBM Cloud Private platform to help speed the transition of business-critical apps to a cloud-native environment and advance their development. About IBM IBM's business, strategy and technology consultants help clients transform by modernizing their existing applications, and by building new AI-infused data analysis capabilities on the leading open hybrid cloud platform. "We see this huge opportunity for hybrid cloud and 5G. NewCo will have greater agility to design, run and modernize the infrastructure of the world's most important organizations. IBM's secure, mission-critical public cloud is designed to provide all required regulatory controls, and offers clients a foundation of open source software, security leadership, and enterprise-grade infrastructure. IBM Leveraging Red Hat for Hybrid Multi Cloud Strategy. IBM will accelerate clients' digital transformation journeys, and NewCo will accelerate clients' infrastructure modernization efforts. Lior NabatCTO, KubeMQ. Private, hybrid or multi-cloud deployment of the DELFI* cognitive E&P environment enabled by Red Hat OpenShift to significantly expand access … To that end, IBM is very clear about maintaining Red Hat as a separate, independent company. At the same time, Red Hat will benefit from IBM’s hybrid cloud and enterprise IT scale in helping expand their open source technology portfolio to businesses globally.“IBM is committed to being an authentic multi-cloud provider, and we will prioritize the use of Red Hat technology across multiple clouds” said Arvind Krishna, Senior Vice President, IBM Hybrid Cloud. Following separation, the companies together are initially expected to pay a combined quarterly dividend that is no less than IBM's pre-spin dividend per share. It has relationships with more than 4,600 technology-intensive, highly regulated clients in 115 countries, including more than 75% of the Fortune 100, a backlog of $60 billion, and more than twice the scale of its nearest competitor. [email protected], Investor Relations: Red Hat will now join IBM’s Hybrid Cloud team as a distinct unit. Except as required by law, the company assumes no obligation to update or revise any forward-looking statements. These are all underpinned by the security, unmatched expertise in industry verticals, and deep commitment to open source innovation that clients expect from IBM. By making it easier for businesses to connect open hybrid cloud computing using AT&T Multi-access Edge Computing, a low-latency, private cellular network edge… Now is the right time to create two market-leading companies focused on what they do best. Bob O'Donnell on August 6, 2019 . Experience now. Join thousands of tech enthusiasts and participate. Containerized applications. You can follow him on Twitter @bobodtech. - IBM to focus on hybrid cloud growth, a $1 trillion market opportunity, - New public company to launch as world's #1 Managed Infrastructure Services provider, - IBM also announces preliminary 2020 third-quarter results, IBM Launches New Innovative Capabilities for Watson, https://www.ibm.com/investor/events/ibm-strategic-update-2020. Read More . IBM will host an investor webcast beginning at 8 a.m EDT, Thursday, October 8, 2020. IBM's software portfolio, focused on data and AI, automation, and security, enables the widest access to innovation through open source. Wipro is part of IBM’s hybrid cloud ecosystem, an initiative to support global system integrators and independent software vendors to help clients modernize workloads with Red Hat OpenShift for any cloud environment, including the IBM public cloud. In computing history, who were the "Dirty Dozen"? At the same time, our managed infrastructure services business has established itself as the industry leader, with unrivaled expertise in complex and mission-critical infrastructure work. IBM and AT&T will work together to help enterprises manage their applications hosted in hybrid … Through the purchase, Red Hat’s open hybrid cloud technologies are now paired with IBM’s consultation and sales services, offered to more than 175 countries. By making it easier for businesses to connect open hybrid cloud computing using AT&T Multi-access Edge Computing, a low-latency, private cellular network edge… With the IBM-Red Hat deal closed, IBM officials told investors that its Red Hat acquisition will allow users to create multi-cloud environments more easily as well as shuttle data back and forth from on-premises environments to the cloud. “We believe the future will be driven by hybrid cloud hence, the expansion of IBM Hybrid cloud practice is intrinsic to our strategy. Banco Sabadell, the first 100% mobile bank in Mexico, is working with IBM Services to continue innovating with digital solutions and services. IBM expects to report revenue of $17.6 billion, GAAP diluted earnings per share from continuing operations of $1.89, and operating (non-GAAP) earnings per share of $2.58. IBM's open hybrid cloud platform architecture, based on Red Hat OpenShift, works with the entire range of clients' existing IT infrastructures, regardless of vendor. The separation is expected to be achieved as a tax-free spin-off to IBM shareholders, and completed by the end of 2021. IBM claims this is a $1.2 trillion opportunity. Supported by technical experts from both organizations, the practice is expected to help Wipro customers modernize their digital operations across hybrid cloud environments by leveraging IBM Cloud Paks, containerized software running on Red Hat OpenShift. J.P. Morgan Securities LLC and Lazard are serving as financial advisors for the transaction, with Paul, Weiss, Rifkind, Wharton & Garrison LLP acting as legal advisor. These accelerators can be used to build and deploy neural network models for applications that perform a spectrum of AI tasks including speech recognition, natural language … Red Hat is collaborating with IBM’s AI hardware development stream and working to enable AI hardware accelerator deployment across hybrid cloud infrastructure: multi-cloud, private cloud, on-premise and edge. Wipro’s IBM Hybrid Cloud Practice unit will help customers innovate at scale by leveraging industry-ready Wipro solutions such as … Media: The result will be an enhanced financial profile with a clear trajectory for improved revenue and profit growth. The management capabilities are enabled via Red Hat's OpenShift platform, which AT&T used prior to IBM buying Red Hat last year. IBM will focus on its open hybrid cloud platform, which represents a $1 trillion market opportunity. As two independent companies, IBM and NewCo will capitalize on their respective strengths. We look at it's foundation on containers and Kubernetes, and the importance of the Red Hat acquisition that brought Red Hat OpenShift that is at it's heart. Of course, IBM also has to walk a fine line when it comes to leveraging Red Hat, because Red Hat is widely seen as the Switzerland of container platforms. To address that need, IBM also unveiled the latest version (4.1) of its Edge Application Manager, a hybrid cloud-based tool that also works on top of Red Hat’s OpenShift v4.3. IBM will also have more than 50% of its portfolio in recurring revenues. Nirmal said "we are in the second inning of the game." The management capabilities are enabled via Red Hat's OpenShift platform, which AT&T used prior to IBM buying Red Hat last year. The new company will be entirely focused on managing and modernizing client-owned infrastructures, a $500 billion market opportunity. IBM unveils its first meaningful edge computing strategy to work in concert with the hybrid cloud strategy it shares with Red Hat as well as the anticipated wave of 5G networks expected late this year. Containers are small, fast and portable, which is why many organizations are containerizing core applications to develop modern cloud-native applications that are scalable and portable across a hybrid IT environment. The joint initiative will provide global access to Schlumberger’s leading exploration and production (E&P) cloud-based environment and cognitive applications by leveraging IBM’s hybrid cloud technology, built on the Red Hat OpenShift container … [email protected], Sarah Meron IBM to spin off its managed infrastructure unit to focus on Red Hat, hybrid cloud; sees Q3 sales ahead of estimates. The new hybrid cloud capabilities and use cases include the ability to infuse AI throughout the business and consolidate databases with IBM Cloud Pak for Data. "This open hybrid cloud foundation is what enables the vision of any app, anywhere, anytime. IBM and Bharti Airtel have completed the first phase of Airtel’s Open Hybrid Cloud Network built with IBM and Red Hat's portfolio of hybrid cloud and cognitive enterprise capabilities, announced IBM on Tuesday. The hybrid multicloud platform from IBM combines Red Hat® OpenShift® and IBM technology to give you greater control and visibility across all your clouds and IT. NewCo, the Leading Managed Infrastructure Services Company. Across industries, businesses can leverage IBM's hybrid multicloud platform and Red Hat OpenShift-enabled IBM software to help transform their organizations from the inside out to increase their competitive advantage. As a result, the final results and other disclosures for the 2020 third quarter may differ materially from this preliminary data. 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