IBM Makes Biggest acquisition In Software History
March 12, 2019
“… IBM said it would buy cloud computing firm Red Hat for $34 billion — the largest software deal in history.
Red Hat, which facilitates the movement of data across various cloud platforms, is an industry leader. Dimitris Mavrakis, research director at ABI Research, viewed the expensive purchase as a smart decision…
But the surprise acquisition has also been flagged by industry watchers as a major, costly risk…”
https://www.cnn.com/2019/03/10/tech/ibm-ceo-ginni-rometty-profile/index.html
IBM making some big moves. I don’t own a billion dollar company like IBM so I guess my comments doesn’t mean much in comparison but I think this was a waste of money. The cloud is the future but I think it’s still a ways out before massive amounts of people adopt it. Unless they make some deals with governments like Amazon I don’t see how this can turn a profit anytime soon. It would have bee more cost effective for IBM to start their own cloud service or buy a smaller company. That’s just my two cents.