Joele Frank Wilkinson Brimmer Katcher handles Red Hat as IBM agrees to acquire the software company for $34B, which represents a robust 63 premium over its closing stock price of Oct. 26.
Ginni Rometty, IBM CEO, predicted the biggest deal in Big Blue’s history would “reset the entire cloud landscape.”
She said: “IBM will become the world’s No. 1 hybrid cloud provider, offering companies the only open cloud solution that will unlock the full value of the cloud for their business.”
IBM and Red Hat have worked together for the past 20 years. “Joining forces with IBM will provide us with a greater level of scale, resources and capabilities to accelerate the impact of open sources as the basis for digital transformation and bring Red Hat to an even wider audience,” said Jim Whitehurst, CEO of Red Hat.
Joele Frank, Jim Golden, Nick Lamplough, Joe Sala and Sophie Throsby are working the Red Hat deal.