IBM To Spend $2.1B To Expand Cloud Services Business



IBM says it plans to commit over $1.2 billion to expand its global cloud business. The investment includes a network of cloud centers.

IBM also plans to establish SoftLayer as the foundation of its cloud portfolio, says the company. IBM acquired SoftLayer, a privately-held cloud computing infrastructure provider, in June last year, forming a new cloud services division around the same time.

IBM currently has more than 100 cloud SaaS solutions, and a network of 40 data centers worldwide.

[Image: IBM SoftLayer CEO Lance Crosby examining servers at the IBM SoftLayer data center in Dallas, Texas. Courtesy: IBM]

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