CLOUD

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

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close
contracts DB
SEARCH

Trending

  • Dive into our Contract Award database

    In an exclusive for WT Insider members, we are collecting all of the contract awards we cover into a database that you can sort by contractor, agency, value and other parameters. You can also download it into a spreadsheet. Our databases track awards back to 2013. Read More

  • Navigating the trends and issues of 2016 Nick Wakeman

    In our latest WT Insider Report, we pull together our best advice, insights and reporting on the trends and issues that will shape the market in 2016 and beyond. Read More