IBM to invest over $1.2B in cloud services

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)

© 2014 The Associated Press. All rights reserved.

Citation: IBM to invest over $1.2B in cloud services (2014, January 17) retrieved 19 August 2019 from https://phys.org/news/2014-01-ibm-invest-12b-cloud.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
0 shares

Feedback to editors

User comments

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