TechTaffy

tech:

taffy

Lenovo Buys IBM’s x86 Server Business

By TechTaffy Desk

IBM ANNOUNCES PLANS TO SELL x86 SERVER BUSINESS TO LENOVO

Lenovo plans to acquire IBM’s x86 server business for approximately $2.3 billion. Approximately 7,500 IBM employees around the world, including those based at major locations such as Raleigh, Shanghai, Shenzhen and Taipei, are expected to join Lenovo as part of the acquisition.

The acquisition includes System x, BladeCenter and Flex System blade servers and switches, x86-based Flex integrated systems, NeXtScale and iDataPlex servers and associated software, as well as blade networking and maintenance operations. IBM will retain its System z mainframes, power systems, storage systems, power-based Flex servers, and PureApplication and PureData appliances. IBM will also continue to develop and evolve its Windows and Linux software portfolio for the x86 platform.

Lenovo and IBM 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.

Yang Yuanqing (Chairman and CEO, Lenovo): This acquisition demonstrates our willingness to invest in businesses that can help fuel profitable growth and extend our PC Plus strategy.

Steve Mills (Senior vice president and group executive, IBM Software and Systems): 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.

The transaction is subject to regulatory requirements and customary closing conditions.

[Image: IBM System x general manager Adalio Sanchez speaking at an IBM event in Beijing. Courtesy: IBM]

Just in

Series A

Tembo raises $14M

Cincinnati, Ohio-based Tembo, a Postgres managed service provider, has raised $14 million in a Series A funding round.
Around the web

Raspberry Pi is now a public company — TC

Raspberry Pi priced its IPO on the London Stock Exchange on Tuesday morning at £2.80 per share, valuing it at £542 million, or $690 million at today’s exchange rate, writes Romain Dillet. 
Fundings

AlphaSense raises $650M

AlphaSense, a market intelligence and search platform, has raised $650 million in funding, co-led by Viking Global Investors and BDT & MSD Partners.
Around the web

Elon Musk’s xAI raises $6B to take on OpenAI — VentureBeat

Confirming reports from April, the series B investment comes from the participation of multiple known venture capital firms and investors, including Valor Equity Partners, Vy Capital, Andreessen Horowitz (A16z), Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, writes Shubham Sharma. 
IT

Capgemini partners with DARPA to explore quantum computing for carbon capture

Capgemini Government Solutions has launched a new initiative with the Defense Advanced Research Projects Agency (DARPA) to investigate quantum computing's potential in carbon capture.