IBM will spin off managed infrastructure services to focus on hybrid cloud


In an effort to accelerate its hybrid cloud growth strategy, IBM has announced that it will spin off the Managed Infrastructure Services unit of its Global Technology Services division into a new public company.

The new company has been given the placeholder name of NewCo and the separation is expected to be achieved as a tax-free spin-off to the company’s shareholders which will be completed by the end of 2021.

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