Reportedly, International Business Machines Corporations’ (IBM) subsidiary software company, Red Hat has named Matt Hicks, head of products and technologies, as its new leader, solidifying a bet that hybrid-cloud offerings will boost the company’s growth. Hicks takes over as the software unit’s chief executive officer and president from Paul Cormier, who will serve as chairman.
IBM acquired Red Hat for about $34 billion in 2019 as a central component of Chief Executive Arvind Krishna’s plan to push the century-old company into the fast-growing cloud-computing market.
Dow 30 component International Business Machines Corporation (IBM) provides information technology (IT) products and services worldwide. To learn more about International Business Machines Corp (IBM) and to track its ongoing progress please visit the Vista Partners IBM Coverage Page.
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