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Microsoft In A Deal Worth $7.5 Billion To Buy A Software Development Platform

Microsoft Corporate Vice President, will become GitHub CEO.

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Surface Go to add big to our growth in 2019: Microsoft India.

Microsoft on Monday said it will buy software development platform GitHub, in a deal worth $7.5 billion which will blend two opposite corporate cultures.

The tech giant, based in Washington state, is a heavyweight in terms of software whose source codes are not openly available or modifiable, exactly the counter of GitHub’s philosophy.

Created in 2008, GitHub allows developers to cooperatively manage software and has more than 28 million users around the world.

“Microsoft is a developer-first company, and by joining forces with GitHub we strengthen our commitment to developer freedom, openness and innovation,” Microsoft chief executive Satya Nadella said in a statement.

“We recognize the community responsibility we take on with this agreement and will do our best work to empower every developer to build, innovate and solve the world’s most pressing challenges.”

The veteran tech firm said it “will acquire GitHub for $7.5 billion in Microsoft stock.”

Logo of Github
Logo of Github, Pixabay

Subject to customary closing conditions and regulatory review, the deal is expected to be finalized by the end of the year, Microsoft said in a statement on its website.

“GitHub will retain its developer-first ethos and will operate independently to provide an open platform for all developers in all industries,” Microsoft said.

“Developers will continue to be able to use the programing languages, tools and operating systems of their choice for their projects — and will still be able to deploy their code to any operating system, any cloud and any device.”

Microsoft has begun moving towards an open source software culture, proposing for example Linux on its Windows Azure cloud service. It also started a training program with Linux and others.

Microsoft Corporate Vice President Nat Friedman, founder of Xamarin and an open source veteran, will become GitHub CEO.

GitHub’s current chief executive, Chris Wanstrath, will move to Microsoft as a technical fellow to work on strategic software initiatives.

Writing on The GitHub Blog, Wanstrath said that he “could have never imagined” news of such a merger, when open source and business were considered as different “as oil and water” a decade ago.

But he said Microsoft and GitHub have already collaborated on projects, and “their vision for the future closely matches our own.”

Logo of Microsoft outside it's office
Logo of Microsoft outside it’s office, Pixabay

He said “both believe that software development needs to become easier, more accessible, more intelligent, and more open, so more people can become developers and existing developers can spend more time focusing on the unique problems they’re trying to solve.”

In April, Microsoft reported that its earnings rose 35 percent to $7.4 billion in the fiscal third quarter, with revenue up 16 percent to $26.8 billion.

Earnings were lifted by gains in its core cloud computing operations for business.

Also read: Microsofts android launcher track kids location app usage

Microsoft said the GitHub acquisition is expected to have a negative impact on 2019 earnings but positive beginning in 2020. (VOA)

Next Story

Microsoft Brings AI-enabled Digital Labs in Indian Colleges

Training programmes designed for faculty would include workshops on Cloud computing, data sciences, AI and IoT

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Microsoft
Logo of Microsoft outside it's office. Pixabay

Software giant Microsoft on Thursday launched Artificial Intelligence (AI)-enabled digital labs in collaboration with 10 higher educational institutions in India.

The programme, ‘Intelligent Cloud Hub’, covers institutes including BITS Pilani, SRM Institute of Science and Technology and Trident Academy of Technology among others.

“With the right technology infrastructure, curriculum and training, we can empower today’s students to build the India of tomorrow,” said Anant Maheshwari, President, Microsoft India.

As part of the three-year programme, Microsoft would support the selected institutions with best-in-class infrastructure, curriculum and content, access to Cloud, AI services as well as developer support.

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FILE – Microsoft Corp. signage is seen outside the Microsoft Visitor Center in Redmond, Washington, July 3, 2014. VOA

In addition, the company would also facilitate setting up of core AI infrastructure and Internet of Things (IoT) hub along with providing access to a wide range of Azure AI services like Microsoft Cognitive Services, Azure Machine Learning (ML) and Bot Services.

Training programmes designed for faculty would include workshops on Cloud computing, data sciences, AI and IoT.

Also Read- South Korean Tech Giant Samsung Struggles to Make Global Strategy Amid US-China Trade War

According to a recent Microsoft and International Data Corporation (IDC) Asia-Pacific study, the lack of skills, resources and continuous learning programmes have emerged as top challenges faced by Indian organisations in adopting AI to accelerate their businesses. (IANS)