Cloud computing deals agreed

NIkhil Kumar

Nikhil Kumar

Nikhil Kumar is The Independent's New York correspondent. He was formerly assistant editor on the foreign desk and has also done a variety of jobs on the city desk, where he wrote about markets, commodities and other business and economics topics.

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New York

Wednesday 05 June 2013

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IBM has agreed to buy the cloud computing specialist Softlayer Technologies in a deal thought to be worth about $2bn (£1.3bn).

News of the buyout came as Salesforce, the enterprise software company focused on customer relationship management, said it was spending $2.5bn on ExactTarget, a cloud marketing platform. In cloud computing, applications and services are hosted remotely and accessed via the internet.

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