IBM to invest over $1.2B in cloud services

Jan 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 combines local IT systems with cloud storage

not rated yet
add to favorites email to friend print save as pdf

Related Stories

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

Sep 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.

IBM combines local IT systems with cloud storage

Nov 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 ...

Invention lets companies choose greener cloud options

Nov 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 ...

Recommended for you

Alibaba surges in Wall Street debut

5 hours ago

A buying frenzy sent Alibaba shares sharply higher Friday as the Chinese online giant made its historic Wall Street trading debut.

Alibaba makes Wall Street debut

10 hours ago

Alibaba made its long-awaited Wall Street debut Friday on the heels of a record stock offering that opens the door to global expansion for the Chinese online retail giant.

Alibaba IPO to boost employee fortunes to $8 bn

13 hours ago

Employees of Chinese e-commerce giant Alibaba will see their fortunes swell to nearly $8 billion as the company prepares a massive US stock offering that could be valued at $25 billion.

Alibaba mega IPO caps founder Jack Ma success tale

16 hours ago

When Jack Ma founded Alibaba 15 years ago he insisted the e-commerce venture should see itself as competing against Silicon Valley, not other Chinese companies. That bold ambition from a time when China was ...

User comments : 0