IBM and Red Hat, provider of open source cloud software, announced Oct. 28 that the companies have reached a definitive agreement under which IBM will acquire all of the issued and outstanding common ...

IBM announced July 9 that it closed its $34 billion acquisition of Red Hat, an open-source cloud software vendor. 1. Through the acquisition, IBM and Red Hat will offer a hybrid, open-source platform ...

IBM is moving quickly to tie its legacy software portfolio into its newly-acquired Red Hat assets. It’s making those services available through Cloud Paks that rely on Red Hat’s Kubernetes-based ...

Software firm Red Hat has more than 50 locations across the world, but its largest is at its downtown Raleigh tower. Zachery Eanes News & Observer file photo Since IBM purchased the Raleigh ...

IBM reported earnings this week, and if we’re being honest, the results were rather uninspiring. The company generated revenue of around $15.5 billion, down a disappointing 0.4% from its year-ago ...

An aerial view of the Red Hat building in downtown Raleigh Thursday, Feb. 16, 2023. Travis Long tlong@newsobserver.com A notable streak at Red Hat has ended as the Raleigh software firm recorded ...

(Reuters) - IBM Corp said on Sunday it had agreed to acquire U.S. software company Red Hat Inc for $34 billion, including debt, as it seeks to diversify its technology hardware and consulting business ...

The expansion will have Red Hat bringing its top-end version of Linux to all four of IBM's server lines and IBM's services and software divisions supporting Red Hat's software. Stephen Shankland ...