Today IBM announced its intention to spin off the Managed Infrastructure Services unit of its Global Technology Services division into a new public company (“NewCo”), creating two industry-leading companies.
NewCo will be the #1 managed infrastructure services company, entirely focused on next-generation managed infrastructure services and service delivery excellence.
IBM will be the #1 hybrid cloud platform and AI company with $59B in revenue, bolstered by the acquisition of Red Hat. IBM will deliver significant value while accelerating the business transformation toward cognitive enterprise with a comprehensive suite of services.
You can learn more about their announcement here
Please click here to view the Advisor Relations Newsletter.pdf