Wednesday, October 14, 2020

IBM To Focus On Open Hybrid Cloud Platform; To Spin-Off Managed Infrastructure Services Unit

IBM (IBM) announced the company will separate its Managed Infrastructure Services unit of its Global Technology Services division into a new public company. Going forward, IBM will focus on its open hybrid cloud platform. The new company will be entirely focused on managing and modernizing client-owned infrastructures. The separation is anticipated to be achieved as a tax-free spin-off to shareholders, and completed by the end of 2021.

from RTT - Earnings https://ift.tt/375bo88
via IFTTT

No comments:

Post a Comment