You are here

IBM to invest more than US$1.2bn in cloud services

Monday, January 20, 2014

ARMONK, New York—IBM plans to invest over US$1.2 billion to expand its cloud services operations. The computing services company said Friday that it will build 15 data centres around the world this year to add to the 12 it already operates and the 13 it recently acquired through its US$2 billion purchase of cloud computing company SoftLayer last year. Some of the newest data centres to launch are located in China, Hong Kong, London, Japan, India, Canada, Mexico City, Washington, DC, and Texas.



IBM said it plans to have data centres in all major geographic regions and financial centres 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.