DATE OF MERGER

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July 2019 saw IBM complete a landmark deal to acquire Red Hat for US $ 34bn . Designed to accelerate innovation for their customers , the acquisition was aims to provide a next-generation hybrid multi-cloud platform for secure deployment , running , and management of data and applications . “ Businesses are starting the next chapter of their digital reinventions , modernising infrastructure and moving mission-critical workloads across private clouds and multiple clouds from multiple vendors ,” commented Ginni Rometty , chairman , president and CEO of IBM .“ IBM and Red Hat are uniquely suited to meet these needs . As the leading hybrid cloud provider , we will help clients forge the technology foundations of their business for decades to come .” businesschief . com