IBM acquires cloud computing firm

IBM has reached an agreement to buy SoftLayer Technologies in an effort to boost its position in the fast-growing market for computing sold to businesses as a service, delivered via the internet, DealBook reported.

SoftLayer is based out of Dallas, and has a network of 13 data centers in the United States, Singapore and Amsterdam. It has a revenue of about $400 million, DealBook reported.

The acquisition will expand IBM’s capability to deliver cloud computing services remotely to customers from IBM data centers.


Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above.


WT Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.