Global quarterly spending on cyber security rose above the US$10 billion mark for the first time in the last three months of 2018, the analyst firm Canalys says, adding that, according to its estimates, the total investment in cyber security for the year touched US$37 billion, a rise of 9% year-on-year.
Open source company SUSE says the acquisition of Red Hat, once the biggest independent open source firm, by IBM shows the importance of the role that open source technology and standards will play in the future.
Open source firm Red Hat, now owned by IBM, has crossed the US$3 billion annual revenue line for the first time, raking in US$3.4 billion, an increase of 15% year-on-year, for the financial year that ended on 28 February.
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