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President and former Red Hat head Jim Whitehurst leaves in management shake-up
Successor Arvind Krishna will become the fourth Indian-born head of a prominent US tech group
Chief executive Ginni Rometty says it is vindication of the value of recently acquired group Red Hat
Welcome to Due Diligence, the FT’s daily deals briefing
Ageing behemoth aims to reboot itself and survive in changing tech world
Investors express concerns over 63% premium paid for software group
IBM and its chief are staking their credibility to the hybrid cloud
Largest takeover in IT pioneer’s history set to accelerate shift towards cloud computing
Sell-off continues for second day with Amazon down 5.5% and Netflix dropping 4.9%
Software group Red Hat also prominent as US stocks advance
Developers will have to move fast to avoid being crowded out by established tech giants
US stocks slip on geopolitical tensions in Yemen
Competition is on the way and Red Hat’s success will be a hard act to follow
New Relic and Hortonworks shares jump on debut
Hadoop is attracting big money, and competition is fierce
Utilities, healthcare and transport among gainers
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