IBM and Red Hat have signed a merger agreement. A Linux-based enterprise software development company officially became a division of IBM.
The main thing that interests IBM in the Red Hat experience is cloud solutions. The acquisition will allow the company to become the largest provider of hybrid cloud systems. And the open development model and support for the Red Hat product community will continue. The company will also continue work on open source projects and support the initiatives of the Patent Promise, the GPL Cooperation Commitment, the Invention Network and the LOT Network.
The amount of the transaction is about $ 34 billion. As expected, the transaction will be closed in the second quarter of 2019. Up to this point, Red Hat shareholders and antitrust services must approve it.
CEO Jim Whitehurst in a letter to all employees said that working with IBM will expand the audience and improve the company's results. According to him, the IBM and Red Hat conglomerate will be able to become the leading operator of cloud solutions in the world, as well as promote Open Source to a new level.
In October 2018, IBM introduced cloud services on the IBM Cloud platform. The company plans to attract developers and organizations to create personalized AI models, use cloud platform tools and exchange data.