Announcement Highlights
- Lenovo to pay IBM $2.3B for its System x business
- 7.5k staff including Adalio Sanchez will join Lenovo
- Lenovo will become IBM’s ‘supplier of x86 server technology’
- Lenovo will resell IBM StorWize storage arrays, GPFS, SmartCloud Entry and some x86 software
- IBM will retain PureApplication and PureData appliances and the Pure brand
- The sale will be completed once regulators have had their say, with ‘business as usual’ until then
- Could make Lenovo the number 4 server player
- Will improve IBM’s profitability