The acquisition will bring a first-class hybrid cloud provider that delivers unprecedented security and portability in today's cloudy environment, allowing companies to more business.
The deal accelerates IBM's high-value business model, making IBM the number one hybrid cloud provider in the emerging $1 trillion growth market.
IBM said Red Hat will operate independently as an IBM Hybrid Cloud team. Through this acquisition, IBM will continue to focus on Red Hat's open governance, open source contributions, participation in the open source community andDevelopmentThe model, as well as promoting its extensive developer ecosystem. In addition, IBM and Red Hat will continue to work on continuous open source freedom through patent commitments, GPL partnership commitments, OIN and LOT networks.
In addition to the IBM Cloud, IBM and Red Hat will continue to build and enhance Red Hat partnerships, including major cloud providers such as AWS.MicrosoftAzure, Google Cloud and Alibaba. At the same time, Red Hat will benefit from IBM's hybrid cloud and enterprise IT scale to help them extend their open source technology portfolio to global operations.
"The acquisition of Red Hat is a way to change the rules of the game. It has changed everything about the cloud market," said Ginni Rometty, chairman, president and CEO of IBM. "IBM will be the number one hybrid cloud provider in the world. Providing enterprises with a unique open cloud solution that delivers comprehensive cloud value to the enterprise."
“Today, most companies rent computing power to cut costs, and their cloud computing path is only 20%,” she explained. “The next 80% is about releasing real business value and driving growth. This is the cloud. The future. It needs to move business applications into the hybrid cloud, extract more data and optimize every part of the business from supply chain to sales."
Red Hat President and CEO Jim Whitehurst said: "Open source is the default choice for modern IT solutions. I am very proud of Red Hat's role in achieving this goal in the enterprise. Working with IBM will provide us with higher Levels of scale, resources and capabilities to accelerate the impact of open source as the foundation for digital transformation and bring Red Hat to a wider audience while retaining our unique culture and unwavering commitment to open source innovation."
If all goes well, the transaction is expected to be completed in the second half of next year.