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IBM CEO Ginni Rometty’s 5 Biggest Statements At The Red Hat Summit

‘Working together is the right word. Coming together is not necessarily the way I would describe this,’ IBM CEO Ginni Rometty said about the acquisition during a keynote with Red Hat CEO Jim Whitehurst at the Red Hat Summit. ‘Jim and I have both agreed—Red Hat should stay an independent unit.’

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IBM’s pending $34 billion acquisition of enterprise open-source software provider Red Hat was on stage Tuesday evening at the Red Hat Summit in Boston, where the two companies’ chief executive officers sat down to talk about deal.

In a U.S. Securities and Exchange Commission filing Monday, Armonk, N.Y.-based IBM said that it was notified last week that the U.S. Department of Justice had concluded its review of the proposed acquisition without remedies or conditions.

“IBM and Red Hat continue to work with competition authorities in other jurisdictions, and IBM continues to expect the transaction to close in the second half of 2019,” IBM said in the regulatory filing.

Jim Whitehurst, CEO of Raleigh, N.C.-based Red Hat, introduced IBM CEO Ginni Rometty during the Summit’s keynote session, and they talked about IBM’s early interest in the open-source software movement, the timing of the Red Hat acquisition, preserving Red Hat’s culture, and what technologies most excite Rometty and Red Hat’s role in them.

“It's not just IT users that realize the power of open source to drive innovation,” Whitehurst said. “Today, virtually every IT vendor recognizes that open source is a critical component for driving information technology. And we would not be here today without the support of a myriad of partners who've invested in open source and have been instrumental to getting us where we are. One of the first partners was IBM, who in early days saw the power of open source and invested heavily to bring it to the enterprise. And their investments yesterday, today and tomorrow have allowed and will allow us to accelerate on our mission to truly expand our possibilities.”

“In October, we saw the ultimate validation of that commitment to open source, when IBM announced its attention to acquire Red Hat,” Whitehurst said. “And so I am thrilled to have Ginni Rometty here tonight to discuss why she and IBM see Red Hat and open source as so important to their—and soon to be our— future.”

Continue on to read about Whitehurst’s conversation with Rometty.

 
 
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