IBM is acquiring web hosting/cloud infrastructure services firm SoftLayer for an undisclosed sum...


IBM is acquiring web hosting/cloud infrastructure services firm SoftLayer for an undisclosed sum - with Reuters talking of a $2B+ deal price in March, there's a good chance the price tag is in ten digits. The deal represents a big expansion of IBM's cloud services push - IBM says it will create a new Cloud Services unit that combines SoftLayer with the company's SmartCloud unit. SoftLayer already claims 21K customers over 13 data centers, and IBM promises to expand its offerings to cover the OpenStack platform (previous). Rackspace (RAX -2.1%), a SoftLayer rival, top OpenStack proponent, and one-time subject of an IBM M&A rumor, is lower.
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