IBM Results From Red Hat

The Results of IBM's Acquisition of Red Hat

IBM's acquisition of Red Hat in 2019 was a $34 billion deal that was completed in July of that year. The acquisition was seen as a major move by IBM to bolster its cloud computing business and to gain access to Red Hat's open source software portfolio.

In the years since the acquisition, IBM has made significant progress in integrating Red Hat's technology into its own offerings. IBM has also invested heavily in Red Hat's open source community and has worked to make Red Hat's software more accessible to a wider range of customers.

The Benefits of IBM's Acquisition of Red Hat

There are a number of benefits that IBM has gained from its acquisition of Red Hat. These benefits include:

• Access to Red Hat's open source software portfolio
• Strengthened its cloud computing business
• Increased its market share in the enterprise software market
• Improved its ability to compete with other cloud computing providers
• Gained access to Red Hat's large customer base

Conclusion

IBM's acquisition of Red Hat was a major move that has had a significant impact on the cloud computing market. IBM has made significant progress in integrating Red Hat's technology into its own offerings and has gained a number of benefits from the acquisition. Red Hat's open source software portfolio, strong customer base, and reputation for innovation have made it a valuable asset for IBM.

Here are some additional details about IBM's results from Red Hat:

• In 2021, IBM reported that Red Hat's revenue grew by 18% year-over-year.
• Red Hat's open source software portfolio is now used by over 90% of the Fortune 500.
• IBM has invested heavily in Red Hat's open source community, and has worked to make Red Hat's software more accessible to a wider range of customers.