- Acquisition positions IBM as the leading hybrid cloud provider and accelerates IBM's high-value business model, extending Red Hat's open source innovation to a broader range of clients
- IBM preserves Red Hat's independence and neutrality; Red Hat will strengthen its existing partnerships to give customers freedom, choice and flexibility
- Red Hat's unwavering commitment to open source remains unchanged
- Together, IBM and Red Hat will deliver next-generation hybrid multicloud platform
IBM and Red Hat announced today that they have closed the transaction under which IBM acquired all of the issued and outstanding common shares of Red Hat for $190.00 per share in cash, representing a total equity value of approximately $34 billion.
IBM Power Systems Virtual Servers on IBM Cloud Provide More Flexibility to Help Clients Modernize Workloads for the Hybrid Cloud Era
IBM today announced that IBM POWER9-based IBM Power Systems Virtual Servers are now available in the IBM Cloud. Clients now have access to IBM Power Systems Virtual Servers in North America via the IBM Cloud catalog to provide powerful scaleup compute for AIX and IBM i workloads for hybrid cloud. This is all backed by the performance, resiliency, and security capabilities of IBM POWER9 and IBM Cloud. The launch of IBM Power Systems Virtual Servers builds on the broad portfolio of POWER-based solutions in the IBM Cloud including GPU-accelerated servers on IBM Cloud, SAP HANA on Power Systems on IBM Cloud, and IBM Cloud for Skytap Solutions.
New AutoAI capabilities designed to help advance AI development by automating and speeding time-intensive data processes, while freeing-up data scientists to focus on machine learning
IBM today announced AutoAI, a new set of capabilities for Watson Studio designed to automate many of the often complicated and laborious tasks associated with designing, optimizing and governing AI in the enterprise. As a result, data scientists can be freed up to dedicate more time to designing, testing and deploying machine learning (ML) models – the work of AI.
Grocer is the latest company to adopt blockchain-based traceability system for global food ecosystem
Albertsons Companies, one of the largest food and drug retailers in the United States, is joining the blockchain-based IBM Food Trust network and will begin piloting the technology to improve how food is traced from farm to store shelf. The addition of Albertsons Companies to the Food Trust ecosystem of more than 80 brands brings blockchain-based food traceability to more consumers and industry players – from producers to suppliers to retailers – by helping enable greater transparency and collaboration, and ultimately, a safer food supply.
Provides real time settlement using a variety of digital assets
IBM today announced IBM Blockchain World Wire, a real-time global payments network for regulated financial institutions, is officially accessible in a growing number of markets.
Designed to optimize and accelerate foreign exchange, cross border payments and remittances, World Wire is the first blockchain network of its kind to integrate payment messaging, clearing and settlement on a single unified network, while allowing participants to dynamically choose from a variety of digital assets for settlement.
Provides automated backup and recovery in place of physical tape handling and storage for IBM Power Systems
IBM i shops relying on tape or tape libraries for their backup and recovery have a new alternative to speed up and simplify their operations. LaserVault ViTL offers a fast and affordable way to eliminate or reduce dependence on using tape for IBM Power Systems and eliminate the costly manual processes associated with using tape.
CULedger, a credit union service organization (CUSO), today announced a collaboration with IBM to pioneer new blockchain-based services to help credit unions provide a better experience for members.
CULedger will work with IBM to use permissioned blockchain technologies to create an immutable audit trail that can be used to create new business models and transform existing business processes for credit unions. The companies also intend to help drive greater financial inclusion by extending reach to a broader range of new members.