Will Red Hat help IBM (NYSE: IBM) conquer the Cloud

Red Hat (NYSE: RHT) will bring a lot of value to International Business Machines.

For example, Red Hat possesses the world’s largest portfolio of open-source technology, Forbes contributor Panos Mourdoukoutas claims. Moreover, Red Hat operates an innovative hybrid cloud platform.

To add icing to the cake, Red Hat is well-respected in the open-sourced developer community. Thus, IBM gets access to a large pool of experienced open-sourced developers to extend its software reach.

For instance, IBM could utilize those developers in its work with blockchain projects like the Hyperledger. Beyond that Red Hat claims its Enterprise Linux delivers a 348% return on investment, 68% less downtime, and 26% faster development times. I doubt those claims, but they demonstrate the potential of Red Hat’s technology.