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IBM invested $1.2 billion in its cloud offerings

2014-03-21  |  Comebuy News

IBM has announced to spend about $1.2 billion for the expansion of its cloud portfolio. With the money it wants to finance, inter alia the construction of another data centers. In this year alone, the number should rise to 15 to 40. New locations in China, Hong Kong, Japan, India, London, Canada, Mexico, Washington D.C. and Dallas, are planned which IBM would then be represented in 15 countries.

In addition, the company wants to double the IT capabilities of the SoftLayer cloud 2014. In particular the presence will strengthen targeted by SoftLayer in major markets and financial centers. IBM recently established Watson group should also develop and market technologies for the cloud. IBM has acquired SoftLayer in June 2013 for two billion dollars.

By 2015 hopes big blue with the cloud offerings to generate $7 billion annually. It assumes that the cloud market will rise to more than $200 billion by 2020. The group according to particular companies and Government agencies will contribute to the growth of the market, which use the cloud as IT resource to develop products, to organize supply chains, or to transform business processes.

Last week IBM had already announced an investment of one billion dollars in the development of its Watson technology. Goal is to enable an ecosystem of businesses on the basis of the supercomputer Watson and its programming interface to build. $100 million to be used, for example, to finance of start-ups, develop cognitive applications. In addition, IBM intends to improve the scalability of Watson.

[with material from Andre Borbe,]

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