Healthcare Analytics News October 29, 2018
IBM will pay $34 billion to buy Red Hat.
In a move it’s calling the most important tech deal of the year, IBM has announced plans to buy the open-source enterprise software company Red Hat for $34 billion. The move, described as the largest software acquisition ever, stands to boost IBM’s positioning in the cloud services market, a sector that’s becoming increasingly important to health tech.
“The acquisition of Red Hat is a game changer,” Ginni Rometty, IBM’s chairman, president and CEO, said in a statement. “It changes everything about the cloud market.”
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IBM said the deal unites two “best-in-class” hybrid cloud providers at a time when businesses are still stumbling to move their...
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