IBM has announced that it will acquire US open source software development company Red Hat for $ 34 billion. The agreement will allow IBM to expand its presence in enterprise services by providing new cloud solutions for its clients. Red Hat has been around since 1993 and is best known for its Linux-based operating systems. Over the years it has specialized in technologies for cloud services. IBM says that through the acquisition, it will be able to offer its customers more resources to move to the cloud and decentralized management of their data. The acquisition is one of the largest in IBM's history.
