IBM and Finep Sign Agreement to Develop Cloud Computing Project
Grazed from NearShoreAmericas. Author: Silvia Rosa.
Cloud computing is one of IBM’s top priorities and Latin America has gained importance in this area of late. The tech giant recently signed an agreement with Finep, a Brazilian innovation agency linked to the Ministry of Science and Technology, to develop a platform as a service (PaaS) to manage cloud resources more efficiently and in real time.
The project was selected in the latest public announcement for the IT Maior program, which aims to promote the development of software and technology products in Brazil. Under the three-year contract IBM will receive 5.7 million Brazilian real (almost US$ 2.4 million) from Finep in return for development of the basic system, optimization and testing. IBM will also invest its own financial resources in this project…


Like many of its traditional rivals, Oracle has adopted an ’if you can’t beat ‘em, join ‘em’ attitude towards OpenStack in an implicit acknowledgment that the project is disrupting the proprietary systems and software that currently account for the bulk of its revenues. But the database maker has arrived late to the party, allowing the competition to race ahead and establish a beachhead in what is poised to become a very lucrative market in a few years’ time.