IBM and HashiCorp Inc., a leading multi-cloud infrastructure automation company, announced they have entered into a definitive agreement under which IBM will acquire HashiCorp for $35 per share in cash, representing an enterprise value of $6.4 billion. HashiCorp’s suite of products provides enterprises with extensive Infrastructure Lifecycle Management and Security Lifecycle Management capabilities to enable organizations to automate…
The US-India Strategic Partnership Forum (USISPF) announced the appointment of Arvind Krishna, the Chairman and Chief Executive Officer of IBM to the Board of Directors. In addition to joining the Board of Directors at USISPF, Arvind is a member of the Board of Directors of the New York Federal Reserve Bank, and he serves on the Board of Directors of Northrop Grumman. USISPF…
At the G7 Summit in Japan, IBM announced a 10-year, $100 million initiative with the University of Tokyo and the University of Chicago to develop a quantum-centric supercomputer powered by 100,000 qubits. Quantum-centric supercomputing is an entirely new, and as of now, unrealized, era of high-performance computing. A 100,000-qubit system would serve as a foundation to address some of the world’s most…
Today U.S. President Joseph R. Biden, Jr. and IBM Chairman and CEO Arvind Krishna will tour IBM’s Poughkeepsie, New York site to see firsthand where the future of computing is being innovated, designed and manufactured. During the visit, IBM will announce a plan to invest $20 billion across the Hudson Valley region over the next 10 years. The goal of the investments, which…
The IBM board of directors has elected Al Zollar to the board, effective October 25, 2021. Al Zollar, 67, a former director of Red Hat, brings deep technical knowledge and experience to the IBM board. Since 2014, he has applied his expertise as a technology investor working with cloud-based technology providers, leading providers of enterprise…
At VivaTech, IBM CEO, Arvind Krishna announced a new partnership with 30 global organizations including governments, community colleges, non-profits, and employment agencies, focused on improving underserved populations’ skills and employability. 11 organizations from India will be part of the collaboration and will contribute to IBM’s total goal of 500,000 by the end of 2021 through the…
IBM announced the appointment of Martin Schroeter as Chief Executive Officer of the independent company that will be created following the separation of IBM’s Managed Infrastructure Services business (“NewCo”), effective January 15. NewCo will focus on the management and modernization of IT infrastructure in every industry around the world. The previously announced separation is expected…
IBM announced the appointment of Gary D. Cohn as Vice Chairman of IBM and member of the IBM Executive Leadership Team. Cohn will work in partnership with IBM CEO Arvind Krishna and the IBM Executive Leadership Team on a wide range of business initiatives and external engagement, in areas including business development, client services, public…
The IBM board of directors has elected Arvind Krishna chairman of the board, effective January 1, 2021. Krishna joined IBM in 1990 and became a director of the company in April. Krishna, who is IBM’s chief executive officer and a member of the board, succeeds IBM executive chairman Virginia M. Rometty, who is retiring on…
IBM and ServiceNow have announced an expansion to their strategic partnership designed to help companies reduce operational risk and lower costs by applying AI to automate IT operations. “Available later this year, a new joint solution will combine IBM’s AI-powered hybrid cloud software and professional services to ServiceNow’s intelligent workflow capabilities and market-leading IT service…
EY and IBM announced an enhanced, global multi-year alliance designed to help organizations accelerate digital transformation and improve client outcomes, including leveraging the hybrid cloud capabilities of Red Hat OpenShift, as well as IBM Watson, IBM Blockchain and IBM’s 5G and edge technologies. Together, IBM and EY professionals will focus on helping clients modernize and…
Computer hardware company IBM or International Business Machines Corp recently announced that it is planning to lay off an unspecified number of employees across five states in the United States. Incidentally, this is the first time the global tech giant is executive layoff exercise under the new Chief Executive Officer Arvind Krishna’s leadership. The company…
IBM appoints Arvind Krishna as its new CEO, replacing Virginia Rometty who was heading the IBM since 2012. In another appointment, IBM named Jim Whitehurst, CEO of Red Hat as its new President. Arvind Krishna is currently heading the IBM’s cloud and cognitive software unit and played a key role in the Company’s acquisition of…