Linux is an open source operating system which is used in server computers. This is used for the purpose of powering the data centers. Since 25 years Red hat is a particular flavor of Linux distributor. Today in data centers red hat is known for distributing and supporting Red hat enterprise Linux as well as the other commonly used technologies. This company went at a peak of the dot-com boom in the year 1999. And this year, as on Feb 28, this company earns a $259 million on revenue of $2.92 billion in its last year. And today we were hearing that IBM has acquired red hat for $34 billion. So you people after hearing this news should get a doubt Why did IBM acquire Red Hat?
Since everyone today knows that both IBM and Red Hat were the major companies, but there is some hidden reason behind. Did you though why? Also Why Red has agreed in tiring up with IBM. Do you want to know all these? Read the complete article to know all these. To learn one of the IBM product go through Cognos TM1 online training.
Why did IBM acquire Red Hat?
open source is the biggest theme in technology this year. Prior to the purchase of Red Hat by IBM, there are two other biggest deals happened in this year. They were Microsoft purchases Git hub for $7.5 billion. Similarly mulesoft purchases salesforce for $6.5 billion. Recently, in this month Big data rivals Cloud-era for $5.2 billion deal.
IBM for its mainframe platforms has a partnership with Red Hat, as Red Hat Enterprising Linux(RHEL). This RHEL is the top operating systems on IBM ‘z’ system mainframe. This RHEL has a large customer demand to run the supported services in the mainframe work environment. And over the past 16 years, Red hat culture has shifted from Commodity Linux distribution to IBM corporate culture.
Red hat vice president Cornier said we were not an open source company. And they added, we were the enterprise software company with open source development model.IBM has a huge history of enterprise-grade software and open source development. IBM is an open source. As a cloud player, IBM is planning to combine the Cloud player. And IBM has a good track record of the open source i.e eclipse development platform and other contributions to JAVA, for example, to support for the development of Linux platform, IBM is royalty-free patent contributions to open Invention support. we are discussing about Why did IBM acquire Red Hat
Recent announcements :
According to the recent announcements, IBM is ready to pay all the cash to buy all the shares in red hat ar $190 each. Moreover, they added that on Friday, Red hat has closed the shares at $116.68.And from today, this Red Hat will be a part of IBM. And they stated that Red CEO did not felt happy with the discussions done with the other companies like Google. So the CEO after the meeting with several companies, he finally decided to collaborate with IBM. When compared to before, it revenue shrink a bit. And it reported that, its revenue shrank from the previous year. This occurred after the three-quarter of growth. In cloud infrastructure services, it was planning to catch with Amazon and Microsoft. Previously IBM has lost one-third of the shares over the past five years. And over the same period, red hat shares were 170 percent.
Could is one of the IBM four key strategic imperatives. This is followed by Social mobile and analytics. For the purpose of analytics, Cognos TM1 online Training is the best.
IBM Agenda :
IBM will pause share repurchases in 2020 and 2021. But it does not touch its dividend. This company plans this pause is a cautionary measure.
So we need to wait till that time the transaction of the shares. Hope you people have got an idea regarding Why did IBM acquire Red Hat and likewise they were many transactions happening across IBM products. So as of now have a look over the IBM Analytics tool at Cognos TM1 Online Course
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