The 109-year-old tech giant IBM has announced an intriguing spinoff this week to accelerate its cloud and artificial intelligence (AI) growth strategy.
The time is right
The company will accelerate its hybrid cloud growth strategy to drive digital transformations for its clients as well as it will separate the managed infrastructure services unit of its global technology services division into a new public company referred to as “NewCo”. The new company will be named at a subsequent date.