theDocumentId => 747148 IBM's $34B Bid for Red Hat Will Upend Cloud As We ...

Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Cloud Security

10/29/2018
10:05 AM
Scott Ferguson
Scott Ferguson
News Analysis-Security Now
50%
50%

IBM's $34B Bid for Red Hat Will Upend Cloud As We Know It

Over the weekend, IBM announced that it would acquire Red Hat for $34 billion. The deal will likely upend the cloud computing market for good.

Over the weekend, IBM announced a deal to acquire Red Hat for $34 billion, one of the largest open source and cloud computing deals in the history of tech. When it's complete, the market for cloud will never be the same.

To help bolster its cloud business, IBM is paying a significant premium -- over 60% -- for Red Hat, which has specialized in open source business software and hybrid cloud for years. The deal is expected to close in the "latter half" of 2019.

Cloud computing, along with security, analytics, digital, cognitive computing and artificial intelligence, are all part of IBM's so-called "strategic initiatives," which are designed to help bolster the company's bottom line as Big Blue looks for new opportunities to grow and expand.

(Source: iStock)
(Source: iStock)

On sister site Light Reading, Executive Editor Mitch Wagner has a complete rundown of the October 28 announcement, as well as how the deal for Red Hat will upend the cloud computing market in the years to come. (See Unknown Document 747143.)

While the deal for Red Hat is not likely to change IBM's approach to security, CEO Ginni Rometty recently spoke at the Gartner Symposium and ITExpo and offered her thoughts on some of the other big initiatives that Big Blue is currently developing: blockchain and quantum computing. (See IBM's Ginni Rometty: We're the Blockchain & Quantum Computing Leader.)

While Rometty has bet Big Blue's future on cloud and other technologies, the company is still struggling to turn a profit, especially as Amazon Web Services and Microsoft Azure continue to grow. Those challenges were highlighted in the company's latest quarterly earnings. (See Unknown Document 746878.)

Finally, as the industry takes a closer look at IBM's deal for Red Hat, the one question that needs to be answer is this: Did Big Blue over-pay and can the company make the merger work? (See Unknown Document 747144.)

Related posts:

— Scott Ferguson is the managing editor of Light Reading and the editor of Security Now. Follow him on Twitter @sferguson_LR.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Edge-DRsplash-10-edge-articles
I Smell a RAT! New Cybersecurity Threats for the Crypto Industry
David Trepp, Partner, IT Assurance with accounting and advisory firm BPM LLP,  7/9/2021
News
Attacks on Kaseya Servers Led to Ransomware in Less Than 2 Hours
Robert Lemos, Contributing Writer,  7/7/2021
Commentary
It's in the Game (but It Shouldn't Be)
Tal Memran, Cybersecurity Expert, CYE,  7/9/2021
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
The State of Cybersecurity Incident Response
In this report learn how enterprises are building their incident response teams and processes, how they research potential compromises, how they respond to new breaches, and what tools and processes they use to remediate problems and improve their cyber defenses for the future.
Flash Poll
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-18428
PUBLISHED: 2021-07-26
tinyexr commit 0.9.5 was discovered to contain an array index error in the tinyexr::SaveEXR component, which can lead to a denial of service (DOS).
CVE-2020-18430
PUBLISHED: 2021-07-26
tinyexr 0.9.5 was discovered to contain an array index error in the tinyexr::DecodeEXRImage component, which can lead to a denial of service (DOS).
CVE-2021-37576
PUBLISHED: 2021-07-26
arch/powerpc/kvm/book3s_rtas.c in the Linux kernel through 5.13.5 on the powerpc platform allows KVM guest OS users to cause host OS memory corruption via rtas_args.nargs, aka CID-f62f3c20647e.
CVE-2021-37555
PUBLISHED: 2021-07-26
TX9 Automatic Food Dispenser v3.2.57 devices allow access to a shell as root/superuser, a related issue to CVE-2019-16734. To connect, the telnet service is used on port 23 with the default password of 059AnkJ for the root account. The user can then download the filesystem through preinstalled BusyB...
CVE-2020-23240
PUBLISHED: 2021-07-26
Cross Site Scripting (XSS) vulnerablity in CMS Made Simple 2.2.14 via the Logic field in the Content Manager feature.