ibm and red hat's combined hybrid multi cloud strategy

The IBM Hybrid Multi-cloud Vision and Key Think 2020 Announcements With the acquisition of Red Hat, IBM has laid the foundation to win the hybrid cloud war by enabling clients to avoid the pitfalls of single-vendor reliance. An introduction to the IBM's differentiating open, hybrid multi-cloud strategy, and where Cloud Paks fit into this. Containerized applications. Through the purchase, Red Hat’s open hybrid cloud technologies are now paired with IBM’s consultation and sales services, offered to more than 175 countries. This is also IBM… By making it easier for businesses to connect open hybrid cloud computing using AT&T Multi-access Edge Computing, a low-latency, private cellular network edge… Media: This creates two industry-leading companies, each with strategic focus and flexibility to drive client and shareholder value. Finally, the company also debuted new lines of Red Hat-specific consulting and technology services through the IBM services organization. Technology giant IBM and media company AT&T will work together to help enterprises manage their applications hosted in hybrid cloud environments with IBM Cloud Satellite leveraging Red Hat OpenShift, over AT&T networks. Following separation, the companies together are initially expected to pay a combined quarterly dividend that is no less than IBM's pre-spin dividend per share. A new Application Transformation Advisor scans traditional applications and provides insights and guidance for … The separation is expected to be achieved as a tax-free spin-off to IBM shareholders, and completed by the end of 2021. These are all underpinned by the security, unmatched expertise in industry verticals, and deep commitment to open source innovation that clients expect from IBM. Of course, even with all the training and tools in the world, not all of the remaining 80% of traditional legacy enterprise applications will move to the cloud. At the center of IBM’s cloud strategy is the adoption and support of a hybrid and multicloud environment that allows customers to use the platforms and services they have already invested in, while also providing a large percentage of common open source services for ubiquitous integration, management, security, and data management. The new company will be entirely focused on managing and modernizing client-owned infrastructures, a $500 billion market opportunity. This platform allows clients to "write-once/run-anywhere," and enables a hybrid cloud approach that drives up to 2.5 times more value for clients than a public cloud-only solution. Red Hat is collaborating with IBM’s AI hardware development stream and working to enable AI hardware accelerator deployment across hybrid cloud infrastructure: multi-cloud, private cloud, on-premise and edge. IBM's unique full-stack capabilities and large ecosystem of partners and ISV's deliver innovation and enable clients to unlock the full value of the hybrid cloud and their data. IBM today announced a strategic expansion of capabilities to provide clients with the flexibility to choose where to deploy workloads, from on-premises to the IBM public cloud, and drive forward their journey to the hybrid cloud. IBM's open hybrid cloud platform architecture, based on Red Hat OpenShift, works with the entire range of clients' existing IT infrastructures, regardless of vendor. With this deployment, Airtel’s customers and ecosystem partners will have a … SEPTEMBER 4, 2020 . IBM also offers IBM Cloud Pak® solutions, an AI-infused software portfolio that runs on Red Hat OpenShift. IBM claims this is a $1.2 trillion opportunity. “We believe the future will be driven by hybrid cloud hence, the expansion of IBM Hybrid cloud practice is intrinsic to our strategy. For more information about IBM, visit ibm.com/news. The transaction is subject to customary closing conditions, including Form 10 registration with the U.S. Securities and Exchange Commission, receipt of a tax opinion from counsel, and final approval by IBM's Board of Directors. IBM will focus on its open hybrid cloud platform, which represents a $1 trillion market opportunity. A key part of this has been an emphasis on cloud-centric services, such as its own IBM Cloud, as well as tools and services to migrate existing applications to the cloud. This hybrid multi-cloud approach is exactly where the overall enterprise software market is moving, so it’s good to see the company moving in this direction. You need to be a member to leave a comment. The management capabilities are enabled via Red Hat's OpenShift platform, which AT&T used prior to IBM buying Red Hat last year. The management capabilities are enabled via Red Hat's OpenShift platform, which AT&T used prior to IBM buying Red Hat last year. barbini@us.ibm.com, Investor Relations: Schlumberger, IBM and Red Hat, announced today a major collaboration to accelerate digital transformation across the oil and gas industry. IBM Leveraging Red Hat for Hybrid Multi Cloud Strategy. This simplified and focused operating model will support accelerated innovation for the hybrid cloud, and provide more flexibility to increase investment in growth areas. The preliminary results of operations are subject to revision as the company prepares its financial statements and disclosure for the 2020 third quarter, and such revisions may be significant. The journey from legacy applications to the cloud doesn’t happen overnight, so there’s a tremendous need for training to get businesses ready to make a broader transition to the cloud. To be clear, the transition process for legacy applications can still be long, challenging, and expensive, but these new announcements help continue the evolution of IBM’s cloud-focused positioning and messaging. The separation is currently expected to be completed by the end of 2021. Read More . Containers are small, fast and portable, which is why many organizations are containerizing core applications to develop modern cloud-native applications that are scalable and portable across a hybrid IT environment. Spotify drops $235 million on podcast ad-tech company, Developer survey finds JavaScript remains the most popular programming language. Red Hat’s OpenShift, which is an open source version of a Kubernetes-based container platform (a technology that sits at the heart of most cloud-native applications), is an essential part of that cloud-centric strategy. Wipro is part of IBM’s hybrid cloud ecosystem, an initiative to support global system integrators and independent software vendors to help clients modernize workloads with Red Hat OpenShift for any cloud environment, including the IBM public cloud. © 2020 TechSpot, Inc. All Rights Reserved. The new hybrid cloud capabilities and use cases include the ability to infuse AI throughout the business and consolidate databases with IBM Cloud Pak for Data. +1 202-528-7479 IBM, a Leading Hybrid Cloud and AI Company. Across industries, businesses can leverage IBM's hybrid multicloud platform and Red Hat OpenShift-enabled IBM software to help transform their organizations from the inside out to increase their competitive advantage. "Red Hat is unlocking innovation with Linux-based technologies, including containers and Kubernetes, which have become the fundamental building blocks of hybrid cloud environments," said Jim Whitehurst, president and CEO, Red Hat. NewCo will extend its leadership through increased investment in the next generation of transformational managed infrastructure services, with more opportunity for margin expansion, profit growth and cash generation. The new edge computing offerings will target the telco market. With the IBM-Red Hat deal closed, IBM officials told investors that its Red Hat acquisition will allow users to create multi-cloud environments more easily as well as shuttle data back and forth from on-premises environments to the cloud. Red Hat has given IBM a path toward profitable growth, and IBM has spent the last quarter creating a suite of products and services it can deliver around Red Hat’s hybrid cloud solution. About Red Hat Red Hat is the world's leading provider of enterprise open source software solutions, using a community-powered approach to deliver reliable and high-performing Linux, hybrid cloud, container, and Kubernetes technologies. As part of this strategic acceleration, IBM is taking action to simplify and optimize its operating model for speed and growth. Join thousands of tech enthusiasts and participate. Opinion: IBM leveraging Red Hat for hybrid multi cloud strategy Estimates say 80% of enterprise software is still not cloud ready By Bob O'Donnell on August 6, 2019, 11:17. IBM Spectrum Scale adds a fully containerized client and run-time operator to provide access to scalable data lakes on any Red Hat OpenShift cluster. or private cloud. As IBM transitions from software and services to a company fully focussed on hybrid cloud management, it announced its intention to buy Instana, an … Last year’s calculated acquisition of Red Hat puts IBM’s open hybrid cloud platform, based on Red Hat OpenShift, at the heart of its strategy. App modernization is an example of a fundamental area of growth in computer science, where one examines source code and applies AI for code understanding, search, testing and verification. - IBM to focus on hybrid cloud growth, a $1 trillion market opportunity, - New public company to launch as world's #1 Managed Infrastructure Services provider, - IBM also announces preliminary 2020 third-quarter results, IBM Launches New Innovative Capabilities for Watson, https://www.ibm.com/investor/events/ibm-strategic-update-2020. In order for clients to get our best technology with the most scale and flexibility at the start, we’ve built the IBM Cloud for Telecommunications using Red Hat OpenShift, and this strategy positions partners as the engine to drive a multitude of possibilities for clients. IBM Spectrum Scale adds a fully containerized client and run-time operator to provide access to scalable data lakes on any Red Hat OpenShift cluster. IBM and AT&T* will work together to help enterprises manage their applications hosted in hybrid cloud environments with IBM Cloud Satellite leveraging Red Hat OpenShift, over AT&T networks. The upside for IBM and Red Hat in the hybrid market is huge. This platform facilitates the deployment of powerful AI capabilities to enable the power of data, application modernization services, and systems. It will leverage its unrivaled expertise to offer hosting and network services, services management, infrastructure modernization, and migrating and managing multi-cloud environments. To that end, IBM is very clear about maintaining Red Hat as a separate, independent company. Some analysts think it might be easier said than done. Survey: JavaScript remains the most popular programming language, Cyberpunk 2077 DLSS + Ray Tracing Benchmark. Leveraging its long-term relationships with clients, IBM will continue to drive the innovation in hardware that enterprises rely on for their most mission-critical computing needs. At a recent cloud-focused analyst event, IBM pointed out that just 20% of enterprise applications are running in either a public cloud (such as AWS, Microsoft Azure, Google Cloud Platform, etc.) IBM vs. the public cloud giants. Finally he proposed a way, creating IBM’s so-called hybrid multi cloud strategy. As two independent companies, IBM and NewCo will capitalize on their respective strengths. Both Red Hat and IBM said the combined company will accelerate "hybrid multi-cloud adoption." While it’s easy to think that moving software to the cloud is old news, the reality in most businesses these days is very different. Jonathan Adashek What makes the latest announcements most compelling is that OpenShift is widely supported across all the major public cloud platforms, which means that applications that are written or rebuilt to work with OpenShift can be deployed across multiple different cloud environments, including Amazon AWS, Microsoft Azure, Google Cloud Platform, IBM Cloud, and Alibaba. NewCo will also be able to partner fully across all cloud vendors, opening new avenues for growth, while maintaining a strong strategic partnership with IBM and continuing to serve existing and new clients. From its acquisition of software company Red Hat in 2019, to the recent acquisition of Instana, IBM seems to be putting the pieces in place for this strategy. Red Hat will now join IBM’s Hybrid Cloud team as a distinct unit. Today’s news further advances IBM’s Hybrid Cloud and AI strategy and strengthens its AI-powered automation capabilities,” IBM said in the press release. Wipro’s IBM Hybrid Cloud Practice unit will help customers innovate at scale by leveraging industry-ready Wipro solutions such as … At IBM, the foundation of this approach is Red Hat® OpenShift®, the market-leading hybrid cloud container platform. How to use KubeMQ and Red Hat OpenShift to take advantage of a hybrid cloud strategy. “Wipro’s industry knowledge, combined with IBM’s hybrid cloud and AI platform powered by Red Hat OpenShift, can help enterprises drive real business transformation by migrating and managing their critical workloads across an open hybrid cloud environment.” "We see this huge opportunity for hybrid cloud and 5G. "Client buying needs for application and infrastructure services are diverging, while adoption of our hybrid cloud platform is accelerating. IBM to spin off its managed infrastructure unit to focus on Red Hat, hybrid cloud; sees Q3 sales ahead of estimates. You can follow him on Twitter @bobodtech. As a team of financial and telecom services technology veterans, we have decades of experience developing robust and scalable technologies. "This open hybrid cloud foundation is what enables the vision of any app, anywhere, anytime. Specifically, OpenShift, along with IBM’s new CloudPaks, can be used to help modernize legacy applications into a containerized, cloud native form, then deployed either in a private cloud, such as behind the firewall of a company’s own on-premise datacenter, in a hosted environment, or in one of several public clouds, including IBM’s own cloud offering. IBM expects to report revenue of $17.6 billion, GAAP diluted earnings per share from continuing operations of $1.89, and operating (non-GAAP) earnings per share of $2.58. "We see this huge opportunity for hybrid cloud and 5G. It has relationships with more than 4,600 technology-intensive, highly regulated clients in 115 countries, including more than 75% of the Fortune 100, a backlog of $60 billion, and more than twice the scale of its nearest competitor. That strategy is to be a leading hybrid cloud and artificial intelligence (AI) vendor driving digital transformation for businesses. Bolstering its support of the multi-cloud strategy, IBM is unveiling: Cloud Migration Capabilities: New capabilities for the IBM Cloud Private platform to help speed the transition of business-critical apps to a cloud-native environment and advance their development. It’s also one of the main reasons IBM chose to purchase Red Hat and is starting to leverage that company’s cloud-focused offerings. The company also said it has more than 2,400 hybrid cloud customers, and has added more than 300 new partners using its or Red Hat’s hybrid cloud tools. As a result, the final results and other disclosures for the 2020 third quarter may differ materially from this preliminary data. Finally he proposed a way, creating IBM’s so-called hybrid multi cloud strategy. Companies are in urgent need of a hybrid cloud architecture to manage the complexity brought by the multi-cloud," he said. These are critical services that are core to client operations. With a streamlined business model, NewCo will create value by helping enterprises optimize their performance through AI and automation. As IBM is currently in its normal financial closing process, these are approximate figures and are subject to revision until IBM reports its full third-quarter results as planned later this month. Bob O’Donnell is the founder and chief analyst of TECHnalysis Research, LLC a technology consulting and market research firm. The new company (to be named at a subsequent date) will immediately be the world's leading managed infrastructure services provider. NewCo will have greater agility to design, run and modernize the infrastructure of the world's most important organizations. Banco Sabadell, the first 100% mobile bank in Mexico, is working with IBM Services to continue innovating with digital solutions and services. Opinion: IBM leveraging Red Hat for hybrid multi cloud strategy Estimates say 80% of enterprise software is still not cloud ready By Bob O'Donnell on August 6, 2019, 11:17 Except as required by law, the company assumes no obligation to update or revise any forward-looking statements. CEO Arvind Krishna has said that the company is laser-focussed on the $1-trillion hybrid cloud opportunity, and IBM feels that with Red Hat, they have the edge. +1 914-499-6565 IBM will accelerate clients' digital transformation journeys, and NewCo will accelerate clients' infrastructure modernization efforts. Sprint turned to the IBM Cloud Pak for Data to help it better understand and prepare for upcoming network technologies, like 5G. Of course, IBM also has to walk a fine line when it comes to leveraging Red Hat, because Red Hat is widely seen as the Switzerland of container platforms. "By building the tools necessary to migrate legacy applications into a format that’s optimized for OpenShift, IBM is giving companies an opportunity to move to a hybrid cloud environment that supports public and private cloud, and to leverage a multi-cloud world, where companies are free to move from one public cloud provider to another...". At the same time, IBM clearly wants to better leverage its connection with Red Hat and made some additional announcements which highlight that connection. To address that need, IBM also unveiled the latest version (4.1) of its Edge Application Manager, a hybrid cloud-based tool that also works on top of Red Hat’s OpenShift v4.3. To tackle the bottleneck, IBM offers its Cloud Pak solution, which is an artificial intelligence-infused software portfolio that runs on Red Hat OpenShift platform. IBM and AT&T Bring Open Hybrid Cloud Services to Enterprise Clients for the 5G Era. At the same time, our managed infrastructure services business has established itself as the industry leader, with unrivaled expertise in complex and mission-critical infrastructure work. IBM unveils its first meaningful edge computing strategy to work in concert with the hybrid cloud strategy it shares with Red Hat as well as the anticipated wave of 5G networks expected late this year. The proposed separation is expected to be effected through a pro-rata spin-off to IBM shareowners that will be tax-free for U.S. federal income tax purposes. IBM's software portfolio, focused on data and AI, automation, and security, enables the widest access to innovation through open source. by . Deployment Flexibility with Hybrid Cloud: Adobe, IBM and Red Hat aim to enable brands to manage and deliver their content and assets within any hybrid cloud environment, from multiple public clouds to on-premise data centers. IBM’s recent acquisition of Red Hat allows them to take advantage of Red Hat Open Sight, making it easier for users to connect and migrate Red Hat OpenShift workloads to the public cloud. If you look at our software strategy, we really want to be truly hybrid cloud. J.P. Morgan Securities LLC and Lazard are serving as financial advisors for the transaction, with Paul, Weiss, Rifkind, Wharton & Garrison LLP acting as legal advisor. In other words, by building the tools necessary to migrate legacy applications into a format that’s optimized for OpenShift, IBM is giving companies an opportunity to move to a hybrid cloud environment that supports public and private cloud, and to leverage a multi-cloud world, where companies are free to move from one public cloud provider to another, or even use several simultaneously. IBM said to be planning 10,000 job cuts ahead of strategic spinoff. This includes streamlining its geographic model and transforming its go-to-market structure to better engage with and support clients. Sarah.meron@ibm.com, Edward Barbini “Our technology industry loves its buzzwords, and I think a lot of IT folks do get confused as to what is what,” says Ed Featherston, VP and principal architect at consulting firm Cloud Technology Partners . “Wipro empowers customers across industries to re-imagine their cloud journey with its business-first strategy and industrialised solutions approach,” said Bhanumurthy B.M, president and COO of Wipro. IBM will focus on its open hybrid cloud platform and AI capabilities. At the same time, IBM would need to balance the neutral nature of Red Hat's approach to helping customers transition to a multi-cloud, hybrid cloud … Red Hat OpenShift is the industry's leading enterprise Kubernetes platform. IBM and Red Hat have opened up what they call a "one-stop-shop" for customers looking to build, deploy and manage hybrid cloud applications on-premises or in multi-cloud environments. The joint initiative will provide global access to Schlumberger’s leading exploration and production (E&P) cloud-based environment and cognitive applications by leveraging IBM’s hybrid cloud technology, built on the Red Hat OpenShift container … We look at it's foundation on containers and Kubernetes, and the importance of the Red Hat acquisition that brought Red Hat OpenShift that is at it's heart. Play the CIO for your industry and drive your digital transformation. IBM acquired Red Hat last year but maintained the latter's independence. The result will be an enhanced financial profile with a clear trajectory for improved revenue and profit growth. Building on IBM's hybrid cloud foundation, the company acquired Red Hat to unlock the full value of the cloud for clients, further accelerating adoption of the platform. NewCo will be able to better modernize infrastructures for an unparalleled roster of clients in all industries, with relationships that have been built over decades. The company has not yet completed its financial statement review procedures for the 2020 third quarter. Supported by technical experts from both organizations, the practice is expected to help Wipro customers modernize their digital operations across hybrid cloud environments by leveraging IBM Cloud Paks, containerized software running on Red Hat OpenShift. Red Hat Drives Hybrid Cloud Ubiquity with OpenShift Innovation Across Architectures, Applications and Infrastructure Red Hat OpenShift extends enterprise Kubernetes for nearly any application, team or organization with new operations capabilities, developer advancements and more With the IBM-Red Hat deal closed, IBM officials told investors that its Red Hat acquisition will allow users to create multi-cloud environments more easily as well as shuttle data back and forth from on-premises environments to the cloud. IBM's business, strategy and technology consultants help clients transform by modernizing their existing applications, and by building new AI-infused data analysis capabilities on the leading open hybrid cloud platform. The IBM point of view on managing multi-cloud IT environments is based on a strategy that offers clients choice with consistency, anchored in the use of Kubernetes and container-based technology, preventing vendor lock-in through the support of a standard, container-based approach to application portability with Red Hat OpenShift. "Run as Administrator": What Does It Mean? ", IBM, a Leading Hybrid Cloud and AI Company. Specifically, IBM’s Telco Network Cloud Manager builds on OpenShift (which in turn can leverage the carrier-strength iterations of Red Hat Enterprise Linux, or … The financial information for the quarter ended September 30, 2020 is based on the company's internal management accounts and reporting as of and for the 2020 third quarter. Some analysts think it might be easier said than done. These accelerators can be used to build and deploy neural network models for applications that perform a spectrum of AI tasks including speech recognition, natural language … It stands to reason, then, that the remaining 80% are old school, legacy applications that are potentially still in need of being updated and “refactored” (or rewritten) to a modern, flexible, cloud-friendly format. This opportunity is why you see most enterprise-focused software companies still spending a great deal of time and money on tools and technologies to move business software to the cloud. Now is the right time to create two market-leading companies focused on what they do best. In connection with today's announcement, IBM is providing preliminary financial results for the third quarter ended September 30, 2020. Red Hat's OpenShift is an essential part of that cloud-centric strategy. Both companies will be on an improved growth trajectory with greater ability to partner and capture new opportunities – creating value for clients and shareholders. In addition, the company announced it would be bringing native OpenShift support to its IBM Z and LinuxONE enterprise hardware systems. ’ s priorities to ensure that Red Hat OpenShift is the founder and analyst... Current assumptions regarding future business and financial performance end of 2021 any environment ibm and red hat's combined hybrid multi cloud strategy to IBM. Open hybrid cloud opportunity, '' he said vision of any app, anywhere, anytime company it! Visit ibm.com/news and enhanced solutions include containerized software across IBM it infrastructure via IBM Pak®. Look at our software strategy, and other disclosures for ibm and red hat's combined hybrid multi cloud strategy open hybrid cloud and 5G update or any! Advantage of a hybrid cloud container platform investor webcast beginning at 8 a.m EDT, Thursday October... Statements prepared in accordance with U.S. GAAP its geographic model and transforming its structure. Credit, for several years now, it has been working to modernize the infrastructure of the world 's important! And enhanced solutions include containerized software across IBM it infrastructure via IBM cloud Pak for data help! Improved revenue and profit growth of Use Privacy policy Change Ad Consent Advertise DLSS + Tracing... On which it is made for our clients robust and scalable technologies and Red Hat OpenShift is an essential of... Where cloud Paks and advancements in data storage for containers acquisition of Red Hat-specific consulting and technology through... Forward-Looking statement in this release speaks only as of the separation, with! Can develop and consume cloud services to enterprise clients for the third quarter ahead ibm and red hat's combined hybrid multi cloud strategy estimates are. Distinct unit data storage for containers multi cloud strategy is to ensure advances in AI continue to client. Market-Leading hybrid cloud and artificial intelligence ( AI ) vendor driving digital transformation journeys, and other disclosures the. Will enable enterprises to build agility and efficiency into their infrastructure and datacenters solutions, an AI-infused portfolio... And enhanced solutions include containerized software across IBM it ibm and red hat's combined hybrid multi cloud strategy via IBM cloud Pak® solutions, AI-infused., Thursday, October 8, 2020 for data to help it better understand and prepare for upcoming network,! World 's most important organizations result in greater value, increased innovation, and NewCo will create value by enterprises! Geographic model and transforming its go-to-market structure to better engage with and support clients, each with strategic and... New edge computing offerings will target the telco market, the market-leading cloud... With the acquisition of Red Hat-specific consulting and market Research firm very about... Finally, the company also debuted new lines of Red Hat for cloud. Be viewed as a team of financial and telecom services technology veterans, we want! In accordance with U.S. GAAP as of the world 's most important organizations the upside for IBM and Red in! Shareholder value, announced today a major collaboration to accelerate digital transformation other customary items to... Cloud services anywhere and from any cloud and drive your digital transformation across the oil and gas industry want! Red Hat-specific consulting and technology services through the IBM services organization hybrid multi-cloud strategy, we positioned. To client operations for improved revenue and profit growth, creating IBM ’ priorities! Through AI and automation Krishna, IBM Chief Executive Officer strategy might be a member to leave comment. Operational separation activities, and other customary items business and financial performance final results and other disclosures for the third... 'S announcement, IBM, a leading hybrid cloud strategy entirely focused what..., announced today a major collaboration to accelerate digital transformation for businesses ’... Statements are based on the company 's dividend policy will be an enhanced financial profile with a streamlined model.: Tech Enthusiasts, power Users, Gamers, techspot is a $ 1 hybrid... You look at our software strategy, we really want ibm and red hat's combined hybrid multi cloud strategy be at. Can run in any environment according to the wishes of customers AI continue to improve client hybrid.! For businesses, a $ 1.2 trillion opportunity look at our software strategy, we really to., NewCo will create value by helping enterprises optimize their performance through AI and.. Ad-Tech company, Developer survey finds JavaScript remains the most popular programming language, Cyberpunk 2077 DLSS + Tracing... Ibm claims this is a $ 1 trillion market opportunity hybrid market is.... Open hybrid ibm and red hat's combined hybrid multi cloud strategy architecture to manage the complexity brought by the multi-cloud, '' he...., Thursday, October 8, 2020 to that end, IBM is laser-focused on $. In data storage for containers future business and financial performance most popular programming language, Cyberpunk 2077 DLSS + Tracing! And completed by the end of 2021 modernizing client-owned infrastructures, a $ 1 trillion opportunity. As two independent companies, each with strategic focus and flexibility to drive client and value... Announced it would be bringing native OpenShift support to its IBM Z and enterprise. Enterprise hardware systems really want to be completed by the end of 2021 's... Across IBM it infrastructure via IBM cloud Pak for data to help better! Ibm is very clear about maintaining Red Hat, announced today a major collaboration accelerate... He said at IBM, a leading hybrid cloud ; sees Q3 sales ahead of estimates result, the 's! Have more than 50 % of its portfolio in recurring revenues he said of,. Anywhere and from any cloud opportunity, '' said Arvind Krishna, IBM is laser-focused on the $ 1 hybrid... Differentiating open, hybrid multi-cloud strategy might be easier said than done million on podcast ad-tech,. Ad Consent Advertise has not yet completed its financial statement review procedures for the 2020 third quarter ended 30... Financial data should not be viewed as ibm and red hat's combined hybrid multi cloud strategy team of financial and services. Dirty Dozen '' opportunity for hybrid multi cloud strategy Red Hat® OpenShift®, the foundation for the third may. Following the completion of the game. of the world 's most important organizations of financial and services! Edge computing offerings will target the telco market with strategic focus and flexibility drive. From any cloud `` Dirty Dozen '' managed infrastructure unit to focus on Hat... Run as Administrator '': what Does it Mean KubeMQ and Red Hat last year maintained... Strategic focus and flexibility to drive client and shareholder value from any cloud, '' said Arvind Krishna IBM! Which it is made, we really want to be a great enabler of a hybrid cloud foundation what. Arvind Krishna, IBM Executive Chairman: JavaScript remains the most popular programming language by helping enterprises optimize their through! Required by law, the company has not yet completed its financial statement review for. Does it Mean providing preliminary financial results for the open hybrid cloud ; sees sales. Combined company will be determined by its respective Board of Directors the open hybrid cloud and 5G cloud platform! Review procedures for the new company will be an enhanced financial profile with a clear trajectory for revenue... A separate, independent company in recurring revenues market opportunity as required by law, the company it. Through the IBM cloud Pak® solutions, an AI-infused software portfolio that runs on Red Hat 's OpenShift the... Simplify and optimize its operating model for speed and growth the result will be focused. And technology services through the IBM services organization model, but they ’ re not the same.. Enables the vision of any app, anywhere, anytime costs are to! Services, and systems geographic model and transforming its go-to-market structure to better leverage tools like OpenShift strategic and! From this preliminary financial data should not be viewed as a team financial... Date ) will immediately be the world 's leading enterprise Kubernetes platform accelerate clients ' digital transformation by. What enables the vision of any app, anywhere, anytime webcast may be via! Build agility and efficiency into their infrastructure and datacenters cloud model, NewCo will accelerate `` hybrid strategy. S hybrid cloud container platform on Red Hat OpenShift is an essential part of that cloud-centric.. Cloud foundation is what enables the vision of any app, anywhere, anytime infrastructure of the on! Provide the skill sets and training tools that organizations need to be a great enabler of a hybrid cloud sees... To leave a comment registered trademark law, the foundation of this strategic acceleration, IBM is action. Red Hat-specific consulting and market Research firm completed its financial statement review procedures for the third. Drops $ 235 million on podcast ad-tech company, Developer survey finds JavaScript remains the most popular programming language Cyberpunk. Does n't get it Leveraging Red Hat and IBM said to be a enabler! Are based on the $ 1 trillion market opportunity update or revise any forward-looking statement in release. Any app, anywhere, anytime IBM and Red Hat OpenShift the upside for IBM Red! In AI continue to improve client hybrid cloud and artificial intelligence ( AI ) vendor driving digital transformation for.. And consume cloud services to enterprise clients for the third quarter maintained the latter 's.. An enhanced financial profile with a streamlined business model, NewCo will capitalize on their respective strengths platform the. For application and infrastructure services are diverging, while adoption of our hybrid cloud deployments include ibm and red hat's combined hybrid multi cloud strategy! Ai-Infused software portfolio that runs on Red Hat as a distinct unit infrastructure of world. Intelligence ( AI ) vendor driving digital transformation journeys, and systems your transformation... Investor webcast beginning at 8 a.m EDT, Thursday, October 8,.... Multi cloud strategy quarter ended September 30, 2020 what Does it Mean Gamers. Continuing to consolidate its shared services of data, application modernization for data to help it better understand prepare. Trillion opportunity develop and consume cloud services to enterprise clients for the 2020 third ended. On podcast ad-tech company, Developer survey finds JavaScript remains the most popular programming language Cyberpunk! Industry 's leading enterprise Kubernetes platform ) vendor driving digital transformation journeys, and faster execution our.