IBM to spend $1.2B on ramping up cloud offerings

|By:, SA News Editor

IBM (IBM) intends to invest over $1.2B on up to 15 new data centers across the world as part of its strategy to expand its cloud services.

The scheme will bring the number of centers that IBM operates to 40 and will double the capacity of SoftLayer, which rents online storage space to companies. Since IBM acquired the Dallas-based firm for $2B last year, it has gained 2,400 new clients.