Thread regarding IBM layoffs

Red Hat scoops up Canadian cloud consulting firm, second deal of 2021

RH is acquiring too, albeit at a slower rate, but already starting to favor the Big Bleu model for "growth".

https://www.bizjournals.com/triangle/news/2021/11/08/red-hat-acquires-toronto-based-phlyt.html

A Toronto-based consulting company is joining Raleigh-based Red Hat, becoming the second acquisition for the open source firm since its $34 billion buyout by IBM (NYSE: IBM) in 2019.

Phlyt, a firm providing expertise and products intended to help organizations adopt cloud-native technologies, is joining the Red Hat umbrella, the firm announced Monday. Financial details were not disclosed.

In a blog post, Red Hat said the addition of Phlyt, led by CEO Luke Shannon, would help to scale Red Hat Consulting’s “efforts to help customers who want to bring modern technologies to enterprise environments.”

“As the IT landscape continues to grow in complexity and scale, cloud-native skills play a critical role in helping organizations modernize their IT infrastructure and development tools,” the firm stated.

https://twitter.com/lukewshannon/status/1457716309408591874

According to data from 451 Research, part of S&P Global Market Intelligence, 88 percent of organizations reported deficits in cloud expertise.

Phlyt is the second acquisition of the year for Red Hat after StackRox. Prior to the buy of the container management software firm, Red Hat hadn’t acquired a company since the IBM deal.

Before the IBM deal, Red Hat was a frequent acquirer, buying firms such as CoreOS, Permabit, Codenvy and 3scale. In 2015, Red Hat bought out Durham-based Ansible, a move that expanded its Triangle footprint to the Bull City.

As for Phlyt, few details about the transaction were available. The company’s social media presence vanished after the deal announcement, as did its website.

https://twitter.com/RedHatAR/status/1457728622320668683

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| 1475 views | | 4 replies (last November 12, 2021) | Reply
Post ID: @OP+1dL52lqm

4 replies (most recent on top)

They wanted some positive news following the admission that they’re freezing hiring and down ranking future hires. So this was spun accordingly and people took the bait.

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Post ID: @1giq+1dL52lqm

Apparently Phlyt had 10 employees.....why are we buying a consulting company with 10 people ? What could they possibly have that Red Hat couldn't figure out on their own ?

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Post ID: @vqf+1dL52lqm

You mean ibm. IBM owns redhat, genius.

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Post ID: @nhc+1dL52lqm

Things will never change at IBM... just more of the same... financial engineering.

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Post ID: @ees+1dL52lqm

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