Latest news with #IBMZ
Business Wire
07-07-2025
- Business
- Business Wire
Izzi Software Acquires CNX Corporation, Extends Reach into IBM Power Ecosystem
MINNEAPOLIS--(BUSINESS WIRE)-- Izzi Software, a leading provider of innovative enterprise software solutions, is pleased to announce the acquisition of Chicago-based CNX Corporation, a technology company specializing in accelerating app development for users of IBM Power Systems. This strategic move marks a significant milestone for Izzi as it expands its capabilities and offerings into the IBM Power ecosystem. The company launched in 2024 in the IBM Z sphere with the acquisition of Virginia-based ColeSoft. As part of the acquisition, Izzi will grow the CNX team to empower current and future customers to maximize the value of their Valence investment. Richard Milone, Co-founder and Managing Director of CNX Corporation, expressed his enthusiasm about the acquisition, stating, 'This acquisition could not have come at a better time because we are at a critical stage in our growth. We have had dozens of new customers over the last few years, and we needed a way to build our team at an accelerated rate to meet the market need. This acquisition will allow us to grow in multiple departments and provide even more value to the IBM Power community.' Jennifer Nelson, CEO of Izzi Software, says, 'We are thrilled to welcome CNX Corporation into the Izzi Software family. This acquisition not only strengthens our position in the software industry but also marks our entry into the IBM Power ecosystem. CNX Corp is an innovative and growing company with a modern product line that resonates in the Power marketplace, and we look forward to leveraging CNX Corporation's expertise to deliver innovative solutions and enhanced services to our clients.' About Izzi Software Izzi Software was founded by experienced M&A experts and is led by a team with deep expertise in the IBM Power and IBM z environments. The company is owned by Big Band Software, which has an impressive track record in buying and running B2B SaaS businesses that are growing and profitable, with ARR in the range of $2M to $10M. About CNX Corporation Headquartered in Chicago and founded in 1996, CNX Corporation develops the Valence Framework, a comprehensive software suite for IBM Power systems. Valence enables businesses to modernize legacy applications and create new applications, with its flagship Nitro App Builder offering a low-code solution for fast, user-friendly development. By allowing developers to build and deploy modernized or new applications much faster, Valence significantly boosts productivity, delivering substantial value to organizations using IBM Power systems.
RTÉ News
26-06-2025
- Business
- RTÉ News
IBM to hire software engineers as it expands in Waterford
IBM plans to hire up to 75 software engineers, dedicated to research and development, as it expands its presence in Waterford. The roles will focus on cutting-edge innovation for IBM Z, the infrastructure powering 70% of global transactions by value. The engineers will collaborate with IBM's R&D teams around the world, from designing processors and firmware to software development and advancing the Linux operating system. IDA Ireland also welcomed IBM's decision to deepen its collaboration with the South East Technological University, to develop a technical skills ecosystem with a focus on mainframes and Linux. Nathan Cullen, country general manager, IBM Ireland, said the firm is delighted to expand its footprint in Ireland. "This is testimony to the deep talent pools available across the country, upon which we have steadily built our business, including mainframes which are a cornerstone of global transactions. "IBM has now operated in Ireland for nearly 70 years and this milestone investment for the region also speaks volumes about the ecosystem that has built up around the South Eastern Technical University." IBM last year announced the recruitment of another 800 high-tech jobs in Ireland by 2027, cementing the country's position as a globally strategic location for the company. These new roles, spanning R&D, digital sales and consulting operations, will be spread across Dublin, Cork and Waterford. IDA Ireland CEO Michael Lohan said the investment is also closely aligned to 'Adapt Intelligently: A Strategy for Sustainable Growth and Innovation, 2025-29', where IDA has committed to positioning Ireland at the centre of cutting-edge global technological innovation in the next five years.
Irish Examiner
25-06-2025
- Business
- Irish Examiner
IBM to create 75 new jobs in Waterford
Up to 75 engineering jobs will be created by IBM at a new research and development centre in Waterford, the company announced on Thursday. The global technology company will hire software engineers over the next three years. The roles will focus on innovation for IBM Z, the company's global transaction technology. The Waterford software engineers will collaborate with IBM's R&D teams worldwide, from designing processors and firmware to software development and advancing the Linux operating system. IBM employs more than 3,000 people in Ireland. IBM last year announced the recruitment of another 800 high-tech jobs in Ireland by 2027 in roles spanning R&D, digital sales, and consulting operations, across Dublin, Cork, and Waterford. 'I am delighted to see our footprint in Ireland evolve further. This is testimony to the deep talent pools available across the country, upon which we have steadily built our business, including mainframes which are a cornerstone of global transactions," said IBM Ireland country general manager Nathan Cullen. "IBM has now operated in Ireland for nearly 70 years and this milestone investment for the region also speaks volumes about the ecosystem that has built up around the South Eastern Technical University.' The announcement for Waterford was welcomed by the Government and IDA Ireland. IDA Ireland chief executive Michael Lohan noted the decision to strengthen the company's collaboration with the South East Technological University, which the IDA said will develop a technical skills ecosystem with a focus on mainframes and Linux. Mr Lohan said the investment is closely aligned to the IDA strategy published in February, entitled Adapt Intelligently: A Strategy for Sustainable Growth and Innovation, 2025-29, which commits to positioning Ireland at the centre of cutting-edge global technological innovation in the next five years. "I warmly welcome this decision by IBM and assure them of IDA's continued partnership," Mr Lohan said. IBM is a leading provider of global hybrid cloud and AI, and consulting expertise with operations in more than 175 countries. More than 4,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare use IBM's hybrid cloud platform and Red Hat OpenShift products.
Techday NZ
24-06-2025
- Business
- Techday NZ
GitLab & IBM launch platform to modernise mainframe DevOps
GitLab and IBM have introduced GitLab Ultimate for IBM Z, a solution designed to address the distinct challenges faced by mainframe software development teams. The new offering targets long-standing issues within enterprise mainframe environments, where teams have traditionally operated with outdated tools. This situation has often resulted in slow delivery cycles, heightened security risks, and increased operational costs. By providing native continuous integration and continuous deployment (CI/CD) pipelines on IBM z/OS, unified source code management, and direct integration with IBM Developer for Z, the companies aim to place mainframe developers on a more equal footing with their counterparts working in cloud-native settings. Mainframe development challenges Many organisations running mission-critical workloads on IBM Z systems encounter significant hurdles using conventional DevSecOps tools, which are not tailored to the specifics of mainframe development. While cloud-native teams benefit from automated, collaborative environments and robust pipelines, mainframe teams have historically had to rely on legacy software, workaround solutions, and manual processes such as SSH file transfers. These practices introduce security and compliance concerns and make audits more complex. Such workarounds become particularly problematic in highly regulated sectors, where maintaining strict audit trails and minimising vulnerabilities are essential. The continued use of separate, legacy development toolchains results in higher licensing and maintenance costs, compared to more modern alternatives, while also leading to slower delivery cycles and making it harder for enterprises to attract new technical talent. Katie Norton, Research Manager, DevSecOps and Software Supply Chain Security at IDC, commented on the significance of the new solution: "GitLab Ultimate for IBM Z represents an important step in addressing a long-standing industry challenge. IDC research shows that mainframe developers often work with legacy tooling that contributes to delivery inefficiencies and makes it harder to attract new talent. With this offering, modern DevSecOps capabilities and unified workflows are brought directly to the mainframe. This empowers developers to work more collaboratively and efficiently, while helping organisations accelerate innovation and integrate mainframe development into broader digital transformation strategies." Modernisation and integration The GitLab and IBM partnership intends to foster true modernisation by providing a unified development platform. This allows mainframe, cloud-native, web, and mobile teams to collaborate and share knowledge across environments, reducing technical silos. Teams are able to incrementally modernise without major business disruption, adopting more contemporary workflows while legacy systems continue to operate. As organisations look towards hybrid cloud architectures, the integrated approach is intended to support applications that need to span both mainframe and cloud environments, giving development teams more options for deployment and collaboration. Solution details GitLab Ultimate for IBM Z delivers native z/OS Runner support, which enables CI/CD pipeline execution directly on mainframes, reducing the need for remote connections and associated security risks. The platform incorporates GitLab's source code management system, replacing legacy library managers and providing version control and searchable repositories, which may help organisations lower licensing fees and operational overhead. Integration with IBM Developer for z/OS Enterprise Edition brings features such as dependency-based builds, automated code scanning, and debugging, designed to improve both the quality and security of releases. The offering also aims to give teams end-to-end visibility across mainframe and distributed activities, which is intended to support automated workflows and help retain development talent. Capabilities for enterprise teams By combining GitLab's DevSecOps platform with IBM's experience in mainframes, GitLab Ultimate for IBM Z is positioned as a solution for enterprises seeking to bridge the gap between legacy systems and newer, cloud-native environments. The goal is to facilitate modern development practices directly within mainframe settings, promoting collaboration, efficiency, and cost-effectiveness for enterprise users.
Yahoo
10-06-2025
- Business
- Yahoo
IBM's Software Segment Growth Picks Up: A Sign of More Upside?
International Business Machines Corporation's IBM Software segment is increasingly gaining traction with an increasing demand for a focused portfolio that provides end-to-end hybrid cloud and AI capabilities. The segment revenues in the first quarter of 2025 increased to $6.34 billion from $5.9 billion a year ago, driven by growth in Hybrid Platform & Solutions, Red Hat, Automation, Data & AI and Transaction Processing, backed by a strong focus on product buyout of California-based software company HashiCorp Inc. for an enterprise value of $6.4 billion has brought powerful synergies across key strategic growth areas of IBM, such as Red Hat, watsonx and IT Automation solutions. HashiCorp's tools, Terraform and Vault, have been integrated with IBM's Red Hat platforms to enhance cloud infrastructure management and hybrid cloud security, including for IBM Z. The addition of the new cutting-edge products has significantly improved IBM Software's ability to help organizations optimize IT spending, reduce cloud costs and boost overall efficiency through automation. With a surge in traditional cloud-native workloads and associated applications, along with a rise in generative AI deployment, there is a radical expansion in the number of cloud workloads that enterprises are currently managing. This has resulted in heterogeneous, dynamic and complex infrastructure strategies, which, in turn, have led firms to undertake a cloud-agnostic and interoperable approach to highly secure multi-cloud management. Our revenue estimate for the segment is pegged at $7.52 billion, indicating year-over-year growth of 11.6% at constant currency. Much of this growth is expected to come from Hybrid Cloud businesses (up 23% to $1.9 billion) and Automation (up 15.4% to $1.87 billion). Microsoft Corporation MSFT has doubled down on the cloud computing opportunity. Azure's increased availability in more than 60 announced regions globally has strengthened Microsoft's competitive position in the cloud computing market. Operating through a vast network of global data centers that ensure high availability and reliability for applications, Azure offers seamless access to all the services included in the portal once customers subscribe to it. Subscribers can use these services to create cloud-based resources, such as virtual machines and databases, which can then be assembled into running environments used to host workloads and store Inc. AMZN enjoys a dominant position in the cloud-computing market, particularly in the IaaS space, thanks to Amazon Web Services (AWS), which is one of its high-margin-generating businesses. AWS is the world's most comprehensive and broadly adopted on-demand cloud computing platform, offering more than 200 fully featured services from data centers globally. Millions of customers, including the fastest-growing startups, largest enterprises and leading government agencies, are using AWS to lower costs, become more agile and innovate faster. It reportedly offers the widest variety of databases that are purpose-built for different types of applications to enable subscribers to choose the right tool for the job. IBM has surged 60.7% over the past year compared with no change for the industry. Image Source: Zacks Investment Research From a valuation standpoint, IBM trades at a forward price-to-sales ratio of 3.74, above the industry. Image Source: Zacks Investment Research The Zacks Consensus Estimate for IBM's earnings for 2025 has been on the rise over the past 30 days. Image Source: Zacks Investment Research IBM currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Inc. (AMZN) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report International Business Machines Corporation (IBM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
