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Big Blue bets big on Cloud-First Enterprise
IBM CEO Arvind Krishna’s announcement about a strategic move to spin off their managed infrastructure services business on October 8, 2020 is reverberating across the business and technology landscape. However, keeping the magnitude of the announcement aside, this is in line with IBM’s time-tested modus operandi of divesting slower growth and maturing businesses, such as their exit from the PC business. While this strategic shift is considerably late compared to other players, it is the right move that leverages their Red Hat acquisition to target the fast growing multi-cloud market.