It also expects to use Red Hat's open source roots to its advantage - in theory, this encourages companies to move to the cloud when they'd otherwise be wary of being locked in. "The acquisition of Red Hat is a game-changer", Ginni Rometty, IBM's chairman and chief executive, said in a statement.
"Most companies today are only 20% along their cloud journey, renting compute power to cut costs", she said.
"Imagine Red Hat with the ability to invest even more and faster to accelerate open source innovation in emerging areas". Open-source software such as the Linux operating system, the web browser Firefox and big-data analysis software such as Apache Hadoop has gradually become the bedrock for many applications, even in large enterprises. "It requires shifting business applications to hybrid cloud, extracting more data and optimising every part of the business, from supply chains to sales". IBM, meanwhile, has watched its revenue decline in recent years. However, research shows that 80 per cent of business workloads have yet to move to the cloud, held back by the proprietary nature of today's cloud market. Red Hat's share price was 28 percent down over the past six months.
Red Hat is one of the pioneers to commercialize open-source software, in which code is made freely available for others to redistribute and modify. Hell, Red hat is a billion dollar company - yes, billion with a "B".
Upon closing of the acquisition, Red Hat will join IBM's Hybrid Cloud team as a distinct unit, with the aim of maintaining the "independence and neutrality" of Red Hat's open source development heritage.
Caravan migrants massing at Mexico border bridge
Donald Trump has threatened to send the USA military to close the border with Mexico in angry early-morning tweets. Any who decide to cross illegally and are caught will be detained and deported, the Mexican government has said.
IBM paid $34 billion for Red Hat and a chance to be a cloud player-private, public and hybrid-with an ultimate goal of managing multiple clouds in the enterprise.
"IBM is committed to being an authentic multi-cloud provider, and we will prioritise the use of Red Hat technology across multiple clouds" said Arvind Krishna, Senior Vice President, IBM Hybrid Cloud.
IBM said Red Hat would continue to be led by Red Hat CEO Jim Whitehurst and Red Hat's current management team. "IBM intends to maintain Red Hat's headquarters, facilities, brands and practices", the company said in a statement. While it might be all good on the business side of things, such acquisitions do make open source advocates worry, especially users of the Fedora Linux distribution that's based on and supported by Red Hat.
IBM revealed that it will be spending $34 billion for this acquisition, which should close in the second half of 2019 if it passes regulations.
That relentless offence has chased some of baseball's best pitchers thanks to threats 1 through 9 in the batting order. Red Sox reliever Matt Barnes was credited with the win, working just one inning and giving up one hit.
If US crude drops below $US65, a psychologically important figure, that could trigger further technical selling, traders said. On Tuesday, Zangeneh reiterated Iran's position that neither Saudi Arabia nor Russian Federation can replace Iranian oil.
In the fourth quarter, the Boilermakers scored on runs of 42 yards and 40 yards, a 43-yard pass and a 41-yard interception return. Purdue coach Jeff Brohm is mobbed by fans after the Boilermakers upset No. 2 Ohio State, 49-20.
Chidambaram, as well as the IRCTC tender issuance case involving former Bihar chief minister Lalu Prasad Yadav. Verma knocked on the doors of the Supreme Court Wednesday, challenging the government's decision.
Arsenal made a slow start to the match and fell behind when Hector Bellerin deflected Ben Chilwell's cross into his own net. His two goals off the bench came in just three second-half minutes and put the game out of reach for the visitors.
On Friday, investigators released a log of the 911 call, which was inaudible except for screaming in the background. The group is gathering at the staging area at 1883 Highway 25 in Barron, also known as The Hungry Hollow Grounds.
U.S. stocks tumbled overnight, confirming a correction for the Nasdaq and erasing the Dow and S&P 500's gains for the year. Heating oil added 1.2 percent to $2.28 a gallon and natural gas gained 1.1 percent to $3.20 per 1,000 cubic feet.
The American Cancer Society's Annual Making Strides Against Breast Cancer Walk will be taking place this weekend. She said while most of the family made sure to get mammograms, it still served as a wake-up call for them.
He's set to be released from Sampson Correctional Institution in Clinton, North Carolina, later today. "I still have to work". Carruth told WSOC-TV he hoped to be forgiven and spoke about how he was frightened about his release.
Although May called any extension "undesirable", she said there were some circumstances in which it could be desirable. No amendment made by parliament would be able to affect the withdrawal agreement made at an worldwide level, he said.
Nance's dad, Larry Sr., was an All-Star with the Cavs from 1987-94 and the first victor of the All-Star dunk contest in 1984. In previous years, a player slamming the ball to the ground may have been overlooked.
Hoddle in hospital after being taken seriously ill
BT Sport presenter Mark Pougatch said: "You will understand why there's no BT Sport Score this afternoon". BT presenter Jake Humphrey said Hoddle was "taken seriously ill at the BT Sport studio this morning".
Meghan Markle's shares message before flying back to Australia
The royal couple were delayed by about an hour after flying in from Tonga after a four-day visit to the Pacific nation and Fiji. Earlier, the duke and duchess were driven to the Royal Palace for an audience with King Tupou VI and his wife Queen Nanasipau'u.
Pressure grows on Saudi Arabia
Some governments and prominent executives have said they would pull out of a forthcoming investment conference in Saudi Arabia. It also said the Spanish government offers their condolences to Khashoggi's family.
Oldest intact shipwreck known to mankind found in Black Sea
Dr Kroum Batchvarov who worked on the project said: "It is the first of its kind, an absolutely incredible find, it is unique". File photo - Stamnos (vase) depicting Odysseus tied to the mast listening to the songs of the Sirens, Greece.
Trump to propose 10 percent tax cut
He warned of dire consequences if Kyrsten Sinema (SIN'-uh-muh), the Democratic congresswoman challenging McSally, is victorious. President Donald Trump is wrapping up a visit to Western states with a campaign rally later Saturday in rural Elko, Nevada.
Mega Millions, Powerball jackpots total $1.3 billion
Tuesday's Mega Millions winning numbers were 3, 45, 49, 61, 69 with a Mega Ball of 9 for a jackpot worth $667 million at the time. The Mega Millions jackpot has been building since July 24, the last time the grand prize jackpot was won.