IBM Focus on Providing Infrastructure Services While Keeping its Cloud Computing Group

IBM is spinning off part of its Global Technology Services division as a new company with a focus on providing infrastructure services while keeping its cloud computing group, the tech giant announced early Thursday.

“Now is the right time to create two market-leading companies focused on what they do best,” said IBM Chief Executive Arvind Krishna in a statement. “IBM will focus on its open hybrid cloud platform and AI [artificial intelligence] capabilities. NewCo will have greater agility to design, run and modernize the infrastructure of the world’s most important organizations.”

A spokesperson for IBM confirmed to WRAL TechWire via email after the announcement some details about “NewCo.”