IBM strikes multi-year alliance with EY; one goal is to boost Red Hat cloud

RESEARCH TRIANGLE PARK – Fresh off a partnership agreement with Verizon to push edge computing, 5G and more, Big Blue also has signed a deal with global professional services firm EY. A major goal is to help customers speed up digital transformation and also utilize Red Hat OpenShift in hybrid cloud computing.

Noted Arvind Krishna, IBM’s Chief Executive Officer:

“Expanding this global alliance bolsters our ability to bring our hybrid cloud and AI capabilities to clients. The EY organization is a leader in driving large and complex client transformations. Combining EY teams’ breadth of industry and regulatory knowledge, technology capabilities and longstanding strategy and business consulting leadership, with IBM’s powerful technology and Red Hat OpenShift’s open hybrid cloud portfolio, will play a key role in accelerating our clients’ journeys to the cloud.”

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Financial terms were not disclosed.

The deal was announced Friday.

Carmine Di Sibio, EY Global Chairman and CEO, said the partnership “is built on providing differentiating and transformational business value for clients. As organizations learn how to adapt to today’s new normal, leveraging the cloud, AI, analytics and other technologies have become increasingly important. IBM is a proven leader in hybrid cloud and AI, and together we’re developing innovative solutions to help provide the sustainability and resiliency that assist clients to operate and lead today, and in the years to come, as they reframe their future amidst an unpredictable and rapidly evolving environment.”

According to the announcement:

EY and IBM teams will provide additional joint consulting and systems integration capabilities to help deliver long-term value to clients.
The combination of EY market leading strategy and global business consulting services, and dedicated EY professionals with broad experience across IBM’s leading technologies, alongside IBM’s premier consulting technology practice and powerful hybrid cloud and AI capabilities, will help clients address significant business challenges.
The alliance will continue to support multiple functional areas comprising M&A, finance, HR, legal, tax, risk and compliance, supply chain and asset management to assist clients in business and workforce transformations, and cloud strategies.

IBM owns Raleigh-based Red Hat and employs several thousand people across North Carolina.