IBM to Buy Red Hat for $34 Billion, Its Biggest Acquisition to Date

IBM Corp said on Sunday it had agreed to acquire US software company Red Hat for $34 billion (roughly Rs. 2.5 lakh crores), including debt, as it seeks to diversify its technology hardware and consulting business into higher-margin products and services. The transaction is by far IBM’s biggest acquisition. It underscores IBM Chief Executive Ginni Rometty’s efforts to expandRead More

Oracle Unveils Sparc M7 Processor for Better Security, Efficiency

Not just being a leader in providing integrated cloud platforms and new-age Java, global software major Oracle has launched what is described as the world’s first microprocessor with enhanced security and better efficiency while running databases. At the OpenWorld 2015 conference here, Oracle introduced Sparc M7 processor which incorporates unique hard-wired security and performance functionsRead More