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IBM to Build, Test Neural Inference Processor Under $60M Air Force Contract

IBM (NYSE: IBM) has won a potential $60M cost reimbursement contract from the U.S. Air Force to design, verify, fabricate and test a prototype neural inference processor. The Air Force Research Laboratory received two offers for the project via a competitive acquisition process.

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Air Force, IBM Form Quantum Computing Research Partnership

The Air Force Research Laboratory has collaborated with IBM (NYSE: IBM) to explore the potential applications of commercial quantum technology to U.S. Air Force operations. AFRL said Tuesday it will work with the company's researchers to examine optimization challenges, quantum chemistry simulation and machine learning algorithms on actual hardware through the IBM Q Network.

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IBM-Red Hat Merger Receives EU Approval

IBM (NYSE: IBM) has secured unconditional approval from the European Commission for its proposed acquisition of Red Hat (NYSE: RHT) for $34B cash, nearly two months after the U.S. Department of Justice cleared the transaction. The commission said Thursday the merger, which both companies first announced in October 2018, would not put market competition at risk.

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IBM Receives $275M IDIQ to Help Secure Defense Semiconductor Supply Chain

IBM (NYSE: IBM) received a potential $275M contract from the Defense Microelectronics Activity to help secure the supply chain that provides semiconductor products and services to the military. The Department of Defense said Tuesday IBM will work to establish manufacturing flows at contractor fabrication facilities as part of the Trusted …

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Former IBM Exec Andrew Borene Appointed Symantec National Security Group Head

Andrew Borene, a certified information systems security professional and former IBM (NYSE: IBM) executive, has been appointed senior director of the federal national security group at Symantec (Nasdaq: SYMC). He will lead a team that offers integrated technology platforms and services meant to help government clients defend against cyber threats, …

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DOJ Concludes IBM-Red Hat Transaction Review

The Department of Justice has completed its assessment of the proposed $34B acquisition of Red Hat (NYSE: RHT) by IBM (NYSE: IBM). IBM also secured a notice of early termination of the required waiting period for the transaction under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, the company said Friday …

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PwC, IBM Vet Maria-Paz Barrientos Joins Deloitte’s Federal Health Business

Maria-Paz Barrientos, formerly a vice president and partner at IBM (NYSE: IBM), has been appointed managing director of federal health at Deloitte, G2Xchange Health reported Tuesday. She assumed her new role after a 17-year career at IBM and with more than two decades of experience in enterprise-wide transformation efforts and …

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IBM Vet Peter Porter Appointed Oracle Federal System Sales Director

Peter Porter, formerly a certified client executive at IBM‘s (NYSE: IBM) public sector business, joined Oracle (ORCL) as director of federal system sales, G2Xchange ETC reported Monday. He has more than 30 years of technology sales experience and is responsible for leading a team of professionals that offers Oracle systems …

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