IBM to invest over $1.2B in cloud services

January 17, 2014
IBM logo

IBM plans to invest over $1.2 billion to expand its cloud services operations.

The computing services company said Friday that it will build 15 data centers around the world this year to add to the 12 it already operates and the 13 it recently acquired through its $2 billion purchase of cloud computing company SoftLayer last year.

Some of the newest data centers to launch are located in China, Hong Kong, London, Japan, India, Canada, Mexico City, Washington, D.C., and Texas. IBM said it plans to have in all major geographic regions and financial centers with plans to expand in the Middle East and Africa next year.

IBM said the new investments will give its business clients the ability to place and control their data globally.

Software stored and accessed on clouds is increasingly popular with businesses because it lets workers in from any Internet-connected device. IBM Corp. started its cloud business in 2007 and has spent billions on cloud-related acquisitions in recent years.

IBM shares rose 33 cents to $189.09 in premarket trading about a half hour before the market opening.

Explore further: IBM buys 'cloud' computing company SoftLayer (Update)

Related Stories

IBM to invest $1b in Linux, open-source

September 17, 2013

IBM said Tuesday it would invest $1 billion in new Linux and open source technologies for its servers in a bid to boost efficiency for big data and cloud computing.

Invention lets companies choose greener cloud options

November 11, 2013

IBM inventors have patented a technique that enables cloud computing data center operators to dynamically redistribute workloads to lower-powered or underutilized systems, thereby minimizing the environmental footprint and ...

IBM combines local IT systems with cloud storage

November 27, 2013

IBM today announced that its inventors have patented a technique for combining Big Data from distributed cloud services with data stored on local IT systems to gain new insights that can enable businesses to more efficiently ...

Recommended for you

Creating an avatar from a 3-D selfie

August 5, 2015

Generating a 3D duplicate of someone without the aid of a Hollywood studio: this is the challenge taken up by EPFL researchers, who have successfully condensed an expensive and complex process to use only a smartphone camera.

Robo-whiskers mimic animals exploring their surroundings

August 4, 2015

Many mammals, including seals and rats, rely on their whiskers to sense their way through dark environments. Inspired by these animals, scientists working at the University of Illinois at Urbana-Champaign and Illinois' Advanced ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.