M&A Deal Summary

IBM Acquires Red Hat

On October 28, 2018, IBM acquired software company Red Hat for 34.0B USD

Acquisition Highlights
  • This is IBM’s 99th transaction in the Software sector.
  • This is IBM’s largest (disclosed) transaction.
  • This is IBM’s 122nd transaction in the United States.
  • This is IBM’s 3rd transaction in North Carolina.

M&A Deal Summary
Date 2018-10-28
Target Red Hat
Sector Software
Buyer(s) IBM
Deal Type Add-on Acquisition
Deal Value 34.0B USD

Target

Red Hat

Raleigh, North Carolina, United States
website
View of Red Hat's corporate headquarters in Raleigh, North Carolina.
View of Red Hat's corporate headquarters in Raleigh, North Carolina.
Red Hat is a provider of open source software solutions, using a community-powered approach to reliable and high-performing cloud, Linux, middleware, storage and virtualization technologies. Red Hat also offers support, training, and consulting services. Red Hat was formed in 1993 and is based in Raleigh, North Carolina.

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Buyer(S) 1

Buyer

IBM

Armonk, New York, United States

website

Category Company
Founded 1911
Sector Information Technology
Employees282,100
Revenue 60.5B USD (2022)
DESCRIPTION
Entrance to IBM's corporate headquarters in Armonk, New York.
Entrance to IBM's corporate headquarters in Armonk, New York.

IBM is a global provider of information technology products and services. IBM's products and services include IT infrastructure and business process services, cloud computing, business analytics, and enterprise software. IBM was formed in 1911 and is based in Armonk, New York.

DEAL STATS #
Overall 168 of 196
Sector (Software) 99 of 109
Type (Add-on Acquisition) 148 of 173
State (North Carolina) 3 of 3
Country (United States) 122 of 140
Year (2018) 3 of 3
Size (of disclosed) 1 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-15 Oniqua Pty

Milton, Australia

Oniqua Pty Ltd. is a provider of an asset performance management software solutions for mining, oil and gas, utilities, and transportation industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-06 International Business Machines - Software Products

Armonk, New York, United States

International Business Machines Corp. - Software Products in scope represent a total addressable market of more than $50 billion and includes, Appscan for secure application development, BigFix for secure device management, Unica (on-premise) for marketing automation, Commerce (on-premise) for omni-channel eCommerce, Portal (on-premise) for digital experience, Notes & Domino for email and low-code rapid application development, and Connections for workstream collaboration.

Sell $1.8B
Mergr

Product

Company

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