Krishna took the reins of IBM in April 2020 after working on its $34 billion acquisition of open source software firm Red Hat from 2018 onwards. The original IBM will focus on the “$1 trillion hybrid-cloud opportunity,” Krishna said. All rights reserved. Whether developing new applications or modernizing (not migrating) ... See the Build track. IBM was advised by JPMorgan Chase & Co. and Lazard Ltd. and the law firm Paul, Weiss, Rifkind, Wharton & Garrison LLP. For nearly its entire history, IBM has been a progressive leader in diversity, advocacy and innovation. The logo will be used in conjunction with diversity focused IBM programs and initiatives, and also in our pro-diversity advocacy. IBM today urged leadership of the House Judiciary Committee to align its anti-sex trafficking legislation with a parallel Senate bill. ), Media Contact: Learn more and register for the webinar → Does the national deficit matter? An IBM logo sits on display outside the offices of International Business Machines Corp. in Dubai, United Arab Emirates. “We like this deal for both sides of the party,” he said. “For nearly its entire history, IBM has been a progressive leader in diversity, advocacy and innovation,” she added. In our view, Think 2020's virtual format was well-executed and gave greater clarity to IBM's storytelling, positioning and key messages. We proudly pay tribute to Baker’s original vision in the adaptation of our corporate logo as a way to demonstrate our solidarity, support and continued commitment to the rights of the LGBT community. The IBM Partner Ecosystem. The content is provided for information purposes only. In 2018, IBM spent $34 billion to buy open source software provider Red Hat to aid that transition. Your opinions are important to us. Sep 24, 2020. New today We're all in this together. An IBM logo sits on display outside the offices of International Business Machines Corp. in Dubai, United Arab Emirates. You can be assured our editors closely monitor every feedback sent and will take appropriate actions. “This is something that’s been long overdue and I think Arvind is making the right calls.” Forrester Research Inc. analyst Ted Schadler agreed. IBM CEO Arvind Krishna said the split will help IBM focus on its cloud platform and artificial intelligence, while the newly formed company will provide services to manage the infrastructure of businesses and other organizations. or. IBM said it aims to complete the transaction as a tax-free spinoff to IBM shareholders by the end of 2021. We were among the first companies to include sexual orientation as part of our Equal Opportunity policy, and we extended domestic partner benefits to gay and lesbian employees in the U.S. almost 20 years ago. Click here to sign in with (Photographer: Chris Ratcliffe/Bloomberg) IBM to Spin Off Legacy IT Business, Pegging Future on Cloud. Logos designed in the 1970s tended to be sensitive to the technical limitations of photocopiers, which were then being widely deployed. Think Digital Summit UK & Ireland 2020 Think Digital Summit UK & Ireland 2020 You can still explore Think Digital Summit by viewing it on demand now until the 18th November. IBM’s large legacy of IT products has been a drag on growth, according to Bloomberg Intelligence analyst Anurag Rana. Can you bounce back from infidelity? Sorry, your blog cannot share posts by email. Let the power of art lift you up in these troubling times. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated audiences. IBM unveils rainbow logo as symbol of ongoing push for diversity, Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to email this to a friend (Opens in new window). Learn More . “We are redefining the future of IBM.” The new strategy will “unlock growth” on both sides of IBM’s business, the CEO said, and predicted the deal would provide “sustainable mid-single digit revenue growth” at IBM in the medium term. AI-based network automation accelerates your delivery of new 5G and edge services. We do not guarantee individual replies due to extremely high volume of correspondence. IBM Services is helping to implement a digital transformation strategy for the global travel company, using IBM Watson and Red Hat OpenShift . Doug Thee Savage. Now IBM is plotting its rebound, aiming to become the leader in what it calls hybrid-cloud software and services that let clients store data in private servers and in public clouds, including those run by Amazon and Microsoft Corp. IBM 5 in 5 . In our view, Think 2020's virtual format was well-executed and gave greater clarity to IBM's storytelling, positioning and key messages. The 109-year-old tech company said Thursday it is spinning off its managed infrastructure services unit into a new public company, temporarily named NewCo. In this March 18, 2019, file photo, the logo for IBM appears above a trading post on the floor of the New York Stock Exchange. We now offer a variety of benefits in 53 countries to same-gender domestic partners or spouses. Save my name, email, and website in this browser for the next time I comment. The rainbow is recognized worldwide as the symbol of LGBT equality, and we are proud to fuse it with the emblem that has represented our company for more than four decades. Neither your address nor the recipient's address will be used for any other purpose. IBM’s services business has been struggling, as many of its clients delayed purchases of information technology or software upgrades to focus on short-term stability and cash preservation to survive the pandemic.
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