IBM Spins-Out A Multi-Billion Dollar Goliath - News Summed Up

IBM Spins-Out A Multi-Billion Dollar Goliath


In October of last year, IBM announced its intent to spinout the Managed Infrastructure Services group from IBM’s Global Technology Services (GTS) division. In a statement announcing the move, IBM CEO Arvind Krishna said, “It will leverage its unrivaled expertise to offer hosting and network services, services management, infrastructure modernization, and migrating and managing multicloud environments. And while incompatibility may not be an issue when the managed services platform is installed, it can become an issue further down the road. Why then, did IBM recently name Martin Schroeter, a long-time IBM executive, to head-up NewCo? Would not have bringing someone in from outside of IBM to run NewCo send a stronger message of independence?


Source: Forbes January 26, 2021 14:37 UTC



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