IBM Buys SoftLayer for $2 Billion to Grow Its Cloud Computing Services

Posted by at 11:36 am on June 4, 2013

SoftLayer
In a move to bolster its cloud computing services, IBM has purchased Dallas company SoftLayer for a reported $2 billion.

“The acquisition will strengthen IBM’s leadership position in cloud computing and will help speed business adoption of public and private cloud solutions,” IBM said in announcing the acquisition.

SoftLayer is the largest privately held cloud computing firm, according to IBM. SoftLayer serves about 21,000 customers and has 13 data centers throughout the U.S., Asia and Europe. Those will complement the 10 cloud service data centers IBM already has, according to the New York Times, which reported on the value of the deal.

With the addition of SoftLayer, IBM expects its cloud services to generate $7 billion a year by the end of 2015.

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