IBM to break up 109-year old company to focus on cloud growth

International Business Machines Corp is splitting itself into two public companies, capping a years-long effort by the world’s first big computing firm to diversify away from its legacy businesses to focus on high-margin cloud computing.

IBM will list its IT infrastructure services unit, which provides technical support for 4,600 clients in 115 countries and has a backlog of $60 billion, as a separate company with a new name by the end of 2021.

The new company will have 90,000 employees and its leadership structure will be decided in a few months, Chief Financial Officer James Kavanaugh told Reuters.

I have no idea what to say about this. IBM is so far out of my comfort zone these days.

9 Comments

  1. 2020-10-08 8:08 pm
    • 2020-10-08 9:01 pm
    • 2020-10-09 7:16 am
    • 2020-10-10 2:02 pm
      • 2020-10-10 3:30 pm
  2. 2020-10-08 10:45 pm
    • 2020-10-09 8:45 am
  3. 2020-10-09 2:49 am
    • 2020-10-09 6:11 pm