Thursday, October 8, 2020

IBM set to spin-off managed service business to focus on hybrid cloud

IBM doesn’t want any distractions on the road to becoming a prodigious hybrid-cloud player, and today it eliminated one of those diversions by spinning off the $19 billion Managed Infrastructure Services unit of its Global Technology Services division.

The move creates an as-yet-unnamed firm, tentatively dubbed “NewCo,” which won’t actually be created until 2021 but will quickly be a big provier of managed infrastructure services. It employes about 90,000 staffers, has more than 4,600 clients in 115 countries—including more than 75% of the Fortune 100—a backlog of $60 billion in orders, and more than twice the scale of its nearest competitor, IBM stated. That would include Accenture, Fujitsu and Huawei.

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Thanks to Michael Cooney (see source)

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