Tag: spin-off

Here you will find all the articles with the tag: spin-off.

IBM acquires cloud optimization company Turbonomic for over $1.5B

IBM acquires cloud optimization company Turbonomic for over $1.5B

IBM is acquiring Turbonomic, a Boston-based company whose main product is a platform that enterprises can use to reduce cloud spend and improve applications’ performance. The figures related to the deal have not yet been released. However, according to Reuters’ sources, it could be between a... Read more

date2 years ago
IBM is cutting 10,000 employees from its European services unit

IBM is cutting 10,000 employees from its European services unit

IBM plans to cut 10,000 jobs from its European services unit to minimize costs before they spin off the division in 2021, according to Bloomberg report released today. The job cuts will affect about 20% of IBM staff in the region, with offices in the U.K. and Germany facing the biggest cuts. Office... Read more

date2 years ago
IBM plans to spin off its legacy infrastructure unit

IBM plans to spin off its legacy infrastructure unit

IBM announced that it plans to spin off its $19 billion managed infrastructure services unit into a separate company by the end of next year. Arvind Krishna, the CEO, said that the spin-off would free up IBM so the parent company can focus on higher margins and higher growth in the hybrid cloud mar... Read more

date2 years ago
ARM reverses IoT spin-off to Softbank

ARM reverses IoT spin-off to Softbank

ARM has reversed its plans to transfer its IoT platform Pelion and Treasure Data component to Softbank. The two components will continue independently under the management of ARM. ARM announced in July that it would transfer its IoT divisions to its parent company SoftBank in September. At the t... Read more

date2 years ago
Dell Technologies plans to completely spin-off VMware

Dell Technologies plans to completely spin-off VMware

Dell Technologies has announced its intention to spin-off the 81 percent share they have in VMware. The main reason for this financial transaction is to create more value for Dell shareholders. The possible spin-off of VMware by Dell Technologies has been rumoured for some time but has now been ... Read more

date2 years ago
‘Dell Technologies either wants to sell or fully absorb VMware’

‘Dell Technologies either wants to sell or fully absorb VMware’

Dell Technologies is investigating the possibility of spinning off its share in VMware, according to the Wall Street Journal. Another scenario is that the company purchases all remaining shares. Dell Technologies is clearly working on a new strategy concerning VMware. With 81 percent, Dell Techn... Read more

date2 years ago