IBM commits another $1.2 B to cloud computing
January 17, 2014
Grazed from The Washington Post. Author: Mohana Ravindranath.
IBM has announced plans to commit $1.2 billion to expanding its global Internet cloud computing business – some of this will go toward opening cloud centers in various cities. The Armonk, Ny.-based company plans to launch several new cloud data centers in 13 countries – physical locations from which IBM employees can demonstrate and set up cloud offerings.
This year IBM plans to open 15 new centers in Washington, Hong Kong, London, Toronto, Dallas, and a few cities in Japan, India, China and Mexico, among others. Since 2007, IBM has invested more than $7.5 billion in 15 cloud-related acquisitions, including SoftLayer, a Dallas-based cloud computing infrastructure company IBM acquired for $2 billion in July…
The newest commitment is designed to help the company reach its goal of $7 billion in annual cloud revenue by 2015. IBM has been ramping up its federal cloud services – its data center in Washington will serve as a hub for federal cloud customers, according to the company…
Read more from the source @ http://www.washingtonpost.com/business/on-it/ibm-commits-another-12-b-to-cloud-computing/2014/01/16/af4930c0-7e1c-11e3-9556-4a4bf7bcbd84_story.html