Economy

xchrom

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16. IBM Will Spend $1.2 Billion To Expand Cloud Services

Fri Jan 17, 2014, 07:10 AM

Jan 2014

http://www.businessinsider.com/ibm-cloud-expansion-2014-1

(Reuters) - IBM Corp said it will invest more than $1.2 billion to build up to 15 new data centers across five continents to expand its cloud services and reach new clients and markets.

The new cloud centers will be in Washington D.C., Mexico City, Dallas, China, Hong Kong, London, Japan, India and Canada, with plans to expand in the Middle East and Africa in 2015.

IBM said the investment will bring up its data center count to 40 this year and double cloud capacity for SoftLayer, which leases online storage space to companies and was acquired by IBM last year for $2 billion.

"This global expansion is aimed at accelerating into new markets based on growing client demand for high-value cloud," the company said in a statement.

Read more: http://www.businessinsider.com/ibm-cloud-expansion-2014-1#ixzz2qeYTJGPA

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