IBM investing $1.2B to expand global cloud footprint
MANILA, Philippines – IBM announced that it would commit US$1.2 billion to expand its global cloud footprint, setting up a network of data centers for that purpose.
Following up on the acquisition of cloud computing provider SoftLayer in June of 2013, IBM plans on expanding its roster of 25 global data centers by setting up 15 additional data centers around the world.
The company also plans to have data centers in the major geographies and financial centers, expanding towards the Middle East and Africa in 2015.
The cloud computing sector is seen as a high-growth area, reportedly set to hit $200 billion by 2020. Their push to grow their cloud computing business is a push towards maintaining a significant presence in the growing sector.
Victor Silvino, Cloud Computing Leader for IBM ASEAN, said that IBM is continuing its investments in high growth areas. He added, "This investment announcement is another major step in driving a global expansion of IBM's cloud footprint and helping clients drive transformation.” – Rappler.com