IBM extends cloud services with SoftLayer acquisition
No price disclosed, but SoftLayer's business estimated at $2bn
IBM is accelerating its push into cloud computing with the acquisition of SoftLayer Technologies for an undisclosed sum.
The Dallas-based company SoftLayer is reportedly the largest privately held cloud service in the world, with an estimated worth of around $2 billion according to reports from the Wall Street Journal.
Softlayer has 13 data centers in the US, Europe and Asia that will become the foundation for a new IBM Cloud Service division, which, along with IBM’s SmartCloud Franchise, will allow the company to begin to challenge Amazon’s dominance in providing cloud services.
This area of the industry has been one of IBM’s largest areas of growth. In 2011 the company projected that revenues from cloud services would generate $7 billion in revenue for the company by 2015, of which $3 billion is incremental growth.
Cloud services allow companies to store software and data so that online so it can be accessed from any Internet-connected device. Gartner estimated that in 2012 $109 billion was spent on cloud services, a 20 per cent increase from the year before.
The most widely used providers are Amazon Web Services and Windows Azure though many other companies, including AT&T and HP have a presence in the market.
Life & Style blogs
Men in tights: getting to the bottom of the latest trend
Snapchat removed the Best Friends list feature and 'stalkers' are upset
Night Nurse could put drivers over new drug limit
Stephen Hawking: NHS is Britain's finest public service and must be preserved from commercial interests
Baldness could soon be treated using stem cells, scientists hope
9 reasons Greece's experiment with the radical left is doomed to failure
Have we reached 'peak food'? Shortages loom as global production rates slow
Greece elections: Syriza and EU on collision course after election win for left-wing party
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
King Abdullah dead: We can't afford not to hold Saudi Arabia's royals to account
- 1 Venezuela Expo Tattoo 2015: Extreme body art from 'Vampire Woman' to 109mm earlobes
- 2 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 3 Ball pool for adults opens in London
- 4 Amal Clooney gives excellent response to fashion question at European Court of Human Rights
- 5 Rashida Jones speaks out against male-centric porn saying 'women should have sex and feel good about it'
iJobs Gadgets & Tech
£6240 per annum: Recruitment Genius: This company is a well established websit...
£40000 - £60000 per annum: Recruitment Genius: This is a fantastic opportunity...
£25000 - £35000 per annum: Recruitment Genius: A skilled .NET developer with e...
£25000 - £30000 per annum: Recruitment Genius: This IT support company are cur...