RALEIGH, N.C. -- IBM has purchased Red Hat software to become the world's largest hybrid cloud provider.
- IBM purchased the Raleigh-based company for $34 billion
- New York-based IBM has a presence in the RTP area and is emerging to the $1 trillion growth market
- The company plans to keep the headquarters based in Raleigh and work to enhance partnerships established by Red Hat
IBM purchased the Raleigh-based company for $34 billion.
New York-based IBM has a presence in the RTP area and is emerging to the $1 trillion growth market.
In a statement released by IBM, the company plans to keep the headquarters based in Raleigh and work to enhance partnerships established by Red Hat.
Red Hat will still be led by CEO Jim Whithurst along with the IBM managing team.