Tuesday, March 03, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google Says Android Lollipop Does Not Encrypt Data Due To Performance Issues
Apple To Release Fix For Freak Security Bug
Mozilla Brings Native Games to the Web
AMD Enters The Virtual Reality market With Liquid VR
SanDisk Creates New Storage Category With InfiniFlash All-Flash Storage System
HyperX Releases FURY And High-capacity Predator DDR4 Kits
ARM Announces Enlighten 3 Engine
Samsung Lost Top Position to Apple in Q4's Global Smartphone Market
Active Discussions
Need serious help!!!!
burning
nvidia 6200 review
Hello
Burning Multimedia in track 0
I'm lazy. Please help.
sanyo e6 camera
need help on some cd burning...
 Home > News > PC Parts > Lenovo ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, January 23, 2014
Lenovo Buys IBM's x86 Server Business


Lenovo Group Ltd. has agreed to buy IBM's low-end server business in a deal valued at about $2.3 billion.

According to the agreement between Lenovo and IBM , the Chinese PC maker will acquire IBM's System x, BladeCenter and Flex System blade servers and switches, x86-based Flex integrated systems, NeXtScale and iDataPlex servers and associated software, blade networking and maintenance operations. The purchase price is approximately US$2.3 billion, approximately two billion of which will be paid in cash and the balance in Lenovo stock.

IBM will retain its System z mainframes, Power Systems, Storage Systems, Power-based Flex servers, and PureApplication and PureData appliances.

The agreement builds upon a collaboration that began in 2005 when Lenovo acquired IBM's PC business, which included the ThinkPad line of PCs.

IBM will continue to develop and evolve its Windows and Linux software portfolio for the x86 platform.

The two companies plan to enter into a strategic relationship which will include a global OEM and reseller agreement for sales of IBM?s entry and midrange Storwize disk storage systems, tape storage systems, General Parallel File System software, SmartCloud Entry offering, and elements of IBM?s system software portfolio, including Systems Director and Platform Computing solutions.

Following the closing of the transaction, Lenovo will assume related customer service and maintenance operations. IBM will continue to provide maintenance delivery on Lenovo's behalf for an extended period of time, so its customers should see little change in their maintenance support.

Approximately 7,500 IBM employees around the world, including those based at major locations such as Raleigh, Shanghai, Shenzhen and Taipei, are expected to be offered employment by Lenovo.

"This acquisition demonstrates our willingness to invest in businesses that can help fuel profitable growth and extend our PC Plus strategy," said Yang Yuanqing, chairman and CEO, Lenovo. "With the right strategy, great execution, continued innovation and a clear commitment to the x86 industry, we are confident that we can grow this business successfully for the long-term, just as we have done with our worldwide PC business."

"This divestiture allows IBM to focus on system and software innovations that bring new kinds of value to strategic areas of our business, such as cognitive computing, Big Data and cloud," said Steve Mills, Senior Vice President and Group Executive, IBM Software and Systems. "IBM has a proven record of innovation and transformation, which has enabled us to create solutions that are highly valued by our clients."

The transaction is subject to the satisfaction of regulatory requirements, customary closing conditions and any other needed approvals. Subsequent local closings will occur subject to similar conditions, agreements and the information and consultation process in applicable countries.

While the transaction is being completed, both companies expect no change in their independent, existing server operations, including customer service and product availability.




Previous
Next
Google Search To Show More Information About Websites        All News        Google+ Relies On Unfair Practice, Consumer Watchdog Says
Elpida Memory Becomes Micron Memory Japan     PC Parts News      Fujitsu Also Interested In Buying IBM's Server Business

Get RSS feed Easy Print E-Mail this Message

Related News
Lenovo Develops Camera Smartphone Crossover Device
MWC: New Tablets By Lenovo
Lenovo Offers Free McAfee LiveSafe Following Superfish Security Concerns
Lenovo Website Breached In The Wake Of The Superfish Case
IBM Unveils New Storage Solutions Based on Micron's Flash
Lenovo Installed Adware on Laptops: report
Lenovo Is Testing ARM-based Server
IBM BigInsights Introduces Machine Learning With R
IBM Says Popular Dating Apps Are Vulnerable to Hackers
Lenovo Reports Strong Quarterly Revenue
Cloud Cryptographic Algorithm Protects Personal Data
Motorola Returns To The Chinese Market with Three New Phones

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .