Friday, September 04, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
LG Bets On OLED's Success, Showcases Innovative Prototypes At IFA2015
Acer's Predator 6 Smartphone Packs A 10-core Processor
New Intuos Tablets Bring Your Creative Dreams Closer
Fujitsu Doubles Same-Cell Wireless Communication Capacity for 5G
Justice Department Hardens Cellphone Tracking Rules
ALCATEL ONETOUCH Unveiled Its Latest Smartphones And A Smartwatch at IFA
Firefox for iOS Now Available for Preview
ZTE Axon Elite Smartphone Coming To The Global Market
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 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
IBM and ARM Collaborate to Accelerate Delivery of Internet of Things
Lenovo Yoga Tablets Feature A Built-in projector, New Phab Smartphones Look Impressive
IFA 2015: Lenovo Refreshes Its PC Line
IBM Unveils Linux Mainframe System
Lenovo Reports Profit Drop, Cuts Jobs
Lenovo PCs Installed Stealthy Software During Boot Up
Lenovo ThinkPad P50 and P70 Mobile Workstations Pack New Skylake Xeon Processors
Watson to Gain Ability to See with Acquisition of Merge Healthcare
Lenovo Overtakes Apple To Lead PC Market
IBM Acquires Compose to Expand Cloud Data Services
IBM Revenue Declines
IBM Develops 7nm Processor

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 .