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Continuing acquisition streak, IBM buys data management specialist Bluetab

Continuing acquisition streak, IBM buys data management specialist Bluetab
siliconangle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from siliconangle.com Daily Mail and Mail on Sunday newspapers.

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IBM Downgraded by S&P as Deal Spree Clouds Ability to Cut Debt

IBM Downgraded by S&P as Deal Spree Clouds Ability to Cut Debt
The credit rater expects IBM to pursue additional takeovers to bolster its hybrid cloud and artificial intelligence capabilities.
Bloomberg | May 06, 2021
Molly Smith and Molly Schuetz (Bloomberg) International Business Machines Corp. was downgraded by S&P Global Ratings because an acquisition spree adds doubt to the company’s timeline for reducing debt.
S&P cut IBM one notch to A- with a stable outlook, according to a report Thursday. The credit rater expects IBM to pursue additional takeovers to bolster its hybrid cloud and artificial intelligence capabilities. Coupled with the planned spinoff of its managed infrastructure services business, there’s uncertainty IBM can reduce leverage to a certain level in the next year or two, S&P said. ....

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IBM to acquire cloud optimization provider Turbonomic for reported $1.5B+

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IBM Corp. is acquiring Turbonomic Inc., a Boston-based company with a platform that helps enterprises reduce cloud expenses and improve their applications’ performance.
IBM didn’t disclose the value of the deal, which was announced this morning. But sources told Reuters that the transaction values Turbonomic at between $1.5 billion and $2 billion. That’s a significant premium over the $963 million private valuation that the company is said to have received after its last funding round.
Turbonomic offers a so-called application resource management platform that uses artificial intelligence to help enterprises optimize their public cloud environments. The platform focuses on two main use cases. The first is optimizing cloud applications’ performance, while the other is reducing the infrastructure costs they incur. ....

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COVID: Global Enterprises ramp-up efforts to ensure well-being of staff in India

COVID: Global Enterprises ramp-up efforts to ensure well-being of staff in India
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Last Updated: Apr 28, 2021, 10:00 PM IST
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Synopsis
In an email to employees, IBM Chief Executive Officer Arvind Krishna said the company will continue to take firm and coordinated action to support IBMers in India and other parts of the world where COVID is surging.
Agencies
Organisations working to deliver items such as groceries, vital medication, medical equipment, and personal protective gear will be eligible to avail Shiprocket s free shipping services to supply the goods to hospitals or those in need.
Global enterprises like IBM and Amazon have significantly ramped up efforts - including setting up vaccination drives and offering paid leaves and insurance - to ensure the well-being of their staff in India as the country reels under a deadly second wave of the coronavirus pandemic. ....

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Global Enterprises ramp-up efforts to ensure well-being of staff in India

Global enterprises like IBM and Amazon have significantly ramped up efforts - including setting up vaccination drives and offering paid leaves and insurance - to ensure the well-being of their staff in India as the country reels under a deadly second wave of the coronavirus pandemic.
In an email to employees, IBM Chief Executive Officer Arvind Krishna said the company will continue to take firm and coordinated action to support IBMers in India and other parts of the world where COVID is surging.
He said the company is supplementing medical coverage to ensure COVID-19 care for the employees and has put in place a dedicated health line to provide medical care and consultations from medical professionals for staff, who are isolating at home. ....

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