#hybridcloudservices

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This isn’t a small trend. Hybrid cloud computing is expected to reach $97.6 million by 2023.1. Companies are responding to this demand by offering top-notch services.

CloudIBN makes IT easy by offering seamless integrations, complete infrastructure management and flexible deployments across private and public clouds. Our experts deliver hybrid cloud solutions that take advantage of best-in-class technologies developed by Microsoft, Google, AWS and other leading providers.

IBM has announced in a press release that they plan the most significant technology acquisition of 2018. More specifically, the company wants to acquire Red Hat, one of the world's leading providers of open source cloud software, to be able to offer its clients an open approach to cloud, featuring unprecedented security and portability across multiple clouds. The agreement that has reportedly been reached already will see IBM acquiring all the issued and outstanding common shares of Red Hat for $190.00 per share in cash. You probably wonder what total enterprise value is this representing? The answer is $34 billion. The acquisition has reportedly been approved by the boards of directors of both IBM and Red Hat. It is still awaiting Red Hat shareholder approval. Plus, it is also subject to regulatory approvals and other customary closing conditions. It is expected to close in the latter half of 2019. The deal holds a promise to accelerate IBM's business model, making the company the #1 hybrid cloud provider in an emerging $1 trillion growth market. Commenting on the news, The IBM Chairman, President, and Chief Executive Officer Ginni Rometty said: “The acquisition of Red Hat is a game-changer. It changes everything about the cloud market.” She adds that IBM will “become the world`s #1 hybrid cloud provider, offering companies the only open cloud solution that will unlock the full value of the cloud for their business.” According to Rometty: “Most companies today are only 20 percent along their cloud journey, renting compute power to cut costs.” “The next 80 percent is about unlocking real business value and driving growth. This is the next chapter of the cloud. It requires shifting business applications to hybrid cloud, extracting more data and optimizing every part of the business, from supply chains to sales.”, she claims. But you might be wondering what's so revolutionary about this acquisition. These two companies are among the leaders in hybrid cloud services and they might help their clients create cloud-native business applications faster while driving greater portability and security of data and applications across multiple public and private clouds, all with consistent cloud management, as IBM's press statement explains. Red Hat has collaborated with IBM for 20 years as IBM was the early supporter of Linux, working with Red Hat to help develop and grow enterprise-grade Linux and more recently to bring enterprise Kubernetes and hybrid cloud solutions to customers. But that's not all. These innovations have become core technologies within IBM`s $19 billion hybrid cloud business. Let's wait and see how the acquisition (if it happens in reality) will affect the market. Read the full article