The company has made numerous acquisitions to help grow its operations
The company has worked toward expanding its operations through the completion of several acquisitions. For example, the company acquired hybrid cloud leader Red Hat, under which the International Business Machines Corporation uses the OpenShift platform to develop applications. For example, within the financial services sector, the company has assisted many banks with implementing new digital services. Furthermore, in 2020, IBM partnered with Red Hat to create the Red Hat Marketplace, which is utilized for hybrid cloud computing. More specifically, the Marketplace offer developers access to an extensive collection of services and tools that help with building applications that are cloud-based.
COVID|ESG|M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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