How Red Hat could open new doors for IBM in India's cloud market

Firm's CEO is pretty upbeat about the future of hybrid cloud - which allows companies to spread their data between private and public cloud providers and has been putting good money to build expertise

IBM has lagged the overall technology sector for years: The company’s revenues for the last four years have been flat; its revenues fell for a fourth straight quarter in April-June, pointing to growing pressures on its legacy products and services. So it’s understandable why it believes the Red Hat acquisition could transform the company.

Indeed. The buy-out was the biggest deal in IBM’s 108-year history and the world’s second-largest technology takeover. The transaction closed in July and the technology giant is banking on it to open new doors in India’s cloud market. 

According to research firm Gartner, spending on cloud system infrastructure