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…
International Business Machines Corporation, the American multinational IT company headquartered in Armonk, New York, with operations in over 170 countries announced on Sunday that it had agreed to acquire U.S. software company Red Hat Inc. in a deal valued at $34 billion. As a part of the Acquisition, IBM will be acquiring all of the issued and…