How Red Hat became the tip of the spear for IBM’s rejuvenation strategy

When IBM paid $34 billion to acquire Red Hat in 2018, it was a big bet on a hybrid cloud future, one that appears to be paying off four years after the deal was announced. Over the last couple of quarters, IBM has produced slow but steady single-digit growth, and the positive results were led by the Red Hat business.
Both companies are running in-person conferences with their customers this week in Boston, with IBM Think and Red Hat Summit taking place at the same time.
Red Hat CEO Paul Cormier, who has been with the company for over 20 years, said IBM CEO Arvind Krishna’s plan to transform hi

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