International Business Machines Corporation, the American cloud platform, and cognitive solutions multinational technology and consulting company is splitting itself into two public companies.
This move comes after years of attempting to remake itself and regain its leading position in the technology space.
IBM will list its IT infrastructure services unit, which provides technical support for 4,600 clients in 115 countries and has a backlog of $60 billion, as a separate company with a new name by the end of 2021.
The new company will have 90,000 employees and its leadership structure will be decided in a few months.
Nigel Bell Readers Bureau, Contributor
Edited by Jesus Chan
Do you want to add feedback to this story? Please add a comment in the e-mail box below, send an email to firstname.lastname@example.org, send us a message on WhatsApp at 646-874-7976 or Call us at 201-500-7715