International Business Machines Corp. plans to spin off its unit that manages clients’ information-technology infrastructure and accounts for nearly a quarter of its sales and staff, a major step in the 109-year-old tech pioneer’s effort to focus on the faster-growing cloud-computing business and artificial intelligence.

The move IBM announced Thursday would separate a large chunk of its broader IT services business, which for years has been its biggest revenue driver. But the business has shrunk as customers have embraced

Source: https://www.wsj.com/articles/ibm-to-spin-off-managed-infrastructure-services-unit-into-a-public-company-11602156618

IBM, Cloud computing, Information technology, Infrastructure

World news – US – IBM to Spin Off Managed Infrastructure Services Unit Into a Public Company

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