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IBM: technology outsourcing deal with AT&T

(CercleFinance.com) - On Tuesday IBM announced a multi-year contract with AT&T to run the U.
S. mobile operator's applications in the cloud.

Under the deal, AT&T will use IBM's expertise to modernize its internal software applications, enabling migrations to the cloud.

In addition, IBM will provide infrastructure to support AT&T business applications, based on Red Hat's open source platform to manage workloads and applications.

Last week IBM completed the acquisition of open source software maker Red Hat in a deal valued at approximately 34 billion dollars.

The financial terms of the deal were not disclosed.

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