REUTERS/ IBM has completed its biggest-ever acquisition, the $ 190 purchase of software firm Red Hat , as part of its difficult, long-term shift from legacy computer hardware to cloud and software services. IBM CEO Jim Whitehurst said the company could respond to customer demands to switch mission-critical work to the cloud, and offer a single platform, bridging public and private cloud applications. IBM said Jim Whitehurst CEO Ginni Rometty and the management team will remain with the firm, which will operate as a "distinct unit within IBM ".
IBM has completed its biggest-ever acquisition, the $ 190 purchase of software firm Red Hat , as part of its difficult, long-term shift from legacy computer hardware to cloud and software services. IBM CEO Jim Whitehurst said the company could respond to customer demands to switch mission-critical work to the cloud, and offer a single platform, bridging public and private cloud applications. IBM said Jim Whitehurst CEO Ginni Rometty and the management team will remain with the firm, which will operate as a "distinct unit within IBM ".