�f�$��A�6 �w ��[�+�o��l ��������#Չ�L+� #b� jonathan.adashek@ibm.com, Sarah Meron Patricia Murphy IBM is updating its cloud portfolio with new capabilities to help clients move to a hybrid cloud environment, according to a press release on the company’s website. From its single control point, you can: Infuse AI across your IT operations toolchain Automate time-consuming management tasks Additionally, IBM will separate … It has relationships with more than 4,600 technology-intensive, highly regulated clients in 115 countries, including more than 75% of the Fortune 100, a backlog of $60 billion, and more than twice the scale of its nearest competitor. The new solutions include containerized software across IBM IT Infrastructure and advancements in data storage for containers. By making it easier for businesses to connect open hybrid cloud computing using AT&T Multi-access Edge Computing, a low-latency, private cellular network edge environment, IBM and AT&T will be able to help businesses across all industries more rapidly Both companies will be on an improved growth trajectory with greater ability to partner and capture new opportunities – creating value for clients and shareholders. barbini@us.ibm.com, Investor Relations: For more details about IBM Cloud Private, visit here. +1 347-891-1770 Additionally, IBM will separate its Managed Infrastructure Services unit of its Global Technology Services division into a new public company ("NewCo"). The IBM Cloud Pak® for Multicloud Management offering is an application-centric, AI-driven management platform designed to provide full visibility and control wherever your workloads run. IBM will host an investor webcast beginning at 8 a.m EDT, Thursday, October 8, 2020. For more information about IBM, visit ibm.com/news. IBM Digital Academy - IBM Hybrid Multi-Cloud with Power & Red Hat Learn with IBM & Arrow about the IBM Hybrid Multi-Cloud Strategy on Power & Redhat followed by 3 hands-on labs with focus on IBM PowerVC, Openshift & Ansible on Power! This creates two industry-leading companies, each with strategic focus and flexibility to drive client and shareholder value. Building on IBM's hybrid cloud foundation, the company acquired Red Hat to unlock the full value of the cloud for … Top cloud providers in 2020: AWS, Microsoft Azure, and Google Cloud, hybrid, SaaS players The cloud computing race in 2020 will have a definite multi-cloud spin. IBM can help unlock your cloud infrastructure by harnessing the power of the right hybrid cloud strategy, so that you can maintain stability. h�bbd``b`�$��~ �&$x�����:"�@�����R$X�A� �$��@b5 1?��m- 1�y� nH����,U V;�� The proposed separation is expected to be effected through a pro-rata spin-off to IBM shareowners that will be tax-free for U.S. federal income tax purposes. This simplified and focused operating model will support accelerated innovation for the hybrid cloud, and provide more flexibility to increase investment in growth areas. 128 0 obj <> endobj IBM will focus on its open hybrid cloud platform and AI capabilities. J.P. Morgan Securities LLC and Lazard are serving as financial advisors for the transaction, with Paul, Weiss, Rifkind, Wharton & Garrison LLP acting as legal advisor. This platform facilitates the deployment of powerful AI capabilities to enable the power of data, application modernization services, and systems. Leveraging its long-term relationships with clients, IBM will continue to drive the innovation in hardware that enterprises rely on for their most mission-critical computing needs. About IBM This includes a comprehensive range of as-a-service offerings, software, hardware and professional services that enable IBM to advise, move, build and manage cloud solutions across public, private and on-premises environments. The hybrid cloud is a cloud computing strategy that integrates a fragmented IT environment composed of a mix of multiple cloud services and traditional on-premise infrastructure. Jonathan Adashek The preliminary results of operations are subject to revision as the company prepares its financial statements and disclosure for the 2020 third quarter, and such revisions may be significant. As part of this strategic acceleration, IBM is taking action to simplify and optimize its operating model for speed and growth. This includes streamlining its geographic model and transforming its go-to-market structure to better engage with and support clients. Forward-looking statements are based on the company's current assumptions regarding future business and financial performance. NewCo will also be able to partner fully across all cloud vendors, opening new avenues for growth, while maintaining a strong strategic partnership with IBM and continuing to serve existing and new clients. NewCo will be able to better modernize infrastructures for an unparalleled roster of clients in all industries, with relationships that have been built over decades. Media: Following the completion of the separation, each company's dividend policy will be determined by its respective Board of Directors. Red Hat OpenShift is the industry's leading enterprise Kubernetes platform. The IBM z15™ platform can transform your application and data portfolio with innovative data privacy, enterprise security, and cyber resiliency capabilities – all delivered through a hybrid cloud. 188 0 obj <>stream Companies are in urgent need of a hybrid cloud architecture to manage the complexity brought by the multi-cloud," he said. IBM is betting big on the next emerging cloud market -- the “hybrid” multicloud. NewCo will extend its leadership through increased investment in the next generation of transformational managed infrastructure services, with more opportunity for margin expansion, profit growth and cash generation. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including, but not limited to, the following: a downturn in economic environment and client spending budgets; the company's failure to meet growth and productivity objectives; a failure of the company's innovation initiatives; damage to the company's reputation; risks from investing in growth opportunities; failure of the company's intellectual property portfolio to prevent competitive offerings and the failure of the company to obtain necessary licenses; cybersecurity and data privacy considerations; fluctuations in financial results; the possibility that the proposed separation of the Managed Infrastructure Services unit of the company's Global Technology Services will not be completed within the anticipated time period or at all, the possibility of disruption or unanticipated costs in connection with the proposed separation or the possibility that the separation will not achieve its intended benefits; impact of local legal, economic, political, health and other conditions; adverse effects from environmental matters, tax matters and the company's pension plans; ineffective internal controls; the company's use of accounting estimates; impairment of the company's goodwill or amortizable intangible assets; the company's ability to attract and retain key employees and its reliance on critical skills; impacts of relationships with critical suppliers; product quality issues; impacts of business with government clients; currency fluctuations and customer financing risks; impact of changes in market liquidity conditions and customer credit risk on receivables; reliance on third party distribution channels and ecosystems; the company's ability to successfully manage acquisitions, alliances and dispositions, including integration challenges, failure to achieve objectives, the assumption of liabilities, and higher debt levels; legal proceedings and investigatory risks; risk factors related to IBM securities; and other risks, uncertainties and factors discussed in the company's Form 10-Qs, Form 10-K and in the company's other filings with the U.S. Securities and Exchange Commission (SEC) or in materials incorporated therein by reference.