IBM collaborates with Canonical to provide services to the financial industry

IBM collaborates with Canonical

IBM collaborates with Canonical to provide solutions to financial institutions

IBM collaborates with Canonical. Microsoft collaborate with Google to launch an Android phone. If I keep writing these types of articles, Linux Addicts is going to become the Hello! of the linuxeral blosphere.

In fact, It's not about love, it's about business. Although some bad thought could say that it is exactly the same thing that happens with the couples of the magazines of the heart.

Why is IBM collaborating with Canonical?

It's been a long time since both companies had been working together. The difference is that now IBM owns Red Hat. And, Red Hat competes with Canonical for the same customers that this collaboration is targeting.

That didn't stop Mark Shuttleworth, founder and CEO of Canonical, the parent company of Ubuntu Linux, and Ross Mauri, CEO of IBM Z and LinuxONE, will appear together in a meeting with senior executives responsible for information technology in financial services companies.

At the event, held in New York City, the two executives explained to the managers the benefits of running financial services on mainframe systemse in cloud based on Ubuntu Linux.

Now Why does IBM need Canonical when Red Hat Enterprise Linux can run perfectly on your computers?

In an interview with a specialized medium, Shuttleworth explained:

Customers want the security of the mainframe and the flexibility of Ubuntu. Some ask about Ubuntu and Z and IBM gives them that option.

I repeat the phrase in case it was not clear to you

Some ask about Ubuntu and Z and IBM gives them that option.

A century-old company like IBM had to come to remind the free software community that the secret of success is to give users what they ask for, not what developers like to code.

Canonical's founder doesn't think the Red Hat purchase will affect the deal.

We are comfortable working with IBM. We continue to have active projects with Z, Power and IBM Cloud. Ubuntu is growing on all of these platforms.

He also described what the market for financial institutions they are targeting consists of.

Older banks and finance companies are beginning to understand the cloud and the new style of DevOps as well. Some startups are also combining Z with Ubuntu.

At the time of knowing the purchase of Red Hat by IBM, Mark Shuttleworth had written:

IBM's acquisition of Red Hat is a significant moment in the rise of open source into the mainstream. We congratulate Red Hat for the role it played in creating open source frameworks as a familiar and shrink-wrapped replacement for traditional UNIX in 'Wintel' terms. In that sense, RHEL was a crucial step in the open source movement.

However, the world has moved on. Replacing UNIX is no longer sufficient. RHEL's slowing growth, in contrast to the acceleration of Linux in general, is a strong market indicator of what the next wave of open source will be ...

… Moving at the speed of developers means embracing open source in ways that have led to the world's largest companies, the world's fastest startup companies, and those who believe that security and speed are best solved together, to trust Ubuntu.

Some joint services offered by IBM and Canonical

Digital asset custody services

It is a system to securely manage smart contractsand, at the same time, provide quick access to digital assets.

This service works on IBM LinuxONE servers with Ubuntu as the operating system. The hardware platform is also based on IBM Crypto Express 6S Hardware Security Modules.

Solutions for countries with few resources

Although there are not too many details, it is known that IBM and Canonical are also working together with SLIB, a French securities software company; Phoenix Systems, a Swiss company specialized in providing digital access; and Plastic Bank, a green recycling company. The objective is create financial solutions for countries affected by poverty.

Why buy Red Hat?

Some industry analysts do not believe that Red Hat and IBM will remain separate entities for long. In fact, they speculate that Jim Whitehurst, Red Hat's chief executive, will succeed Ginni Rommetty at the helm of IBM in the short term.

Since failing to respond to the challenge of clones in the early days of the personal computer, IBM has increasingly lost leadership. Although its researchers continue to develop innovative solutions, the firm is unable to translate them into products that are market successes. It also does not seem to be very effective in attracting clients from newer companies in more traditional sectors or from startups in new sectors.

The theory is that what was bought was not the Red Hat brand or its technologies. What was bought is a culture of innovation and service that transformed it into the most successful firm in the open source world.

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