IBM are set to split its business into two separate public traded businesses by the end of 2021. One will focus on the rising demand for hybrid cloud services from enterprise and the other will focus on the delivery of managed infrastructure services.
By splitting the companies it will position Big Blue better for the new era of the hybrid cloud which has been in process for several years.
In 2018, IBM acquired Red Hat, an open source cloud firm for $34 billion which has enabled the firm to position its off-premise offering to be more open and less proprietary than those of its competitors. This has helped to transform the open hybrid cloud platform IBM will provide.
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