IBM Acquires Cloud Computing Company SoftLayer For An Undisclosed Amount

Posted on Jun 4 2013 - 7:27pm by Editorial Staff

It’s a big acquisition day today as first Salesforce acquired ExactTarget, and now The Wall Street Journal is reporting that IBM is reportedly acquired SoftLayer. Although the financial terms of the deal were not disclosed but as per the Journal citing person familiar with the deal, the acquisition is worth around $2 billion.

“As businesses add public cloud capabilities to their on-premise IT systems, they need enterprise-grade reliability, security and management. To address this opportunity, IBM has built a portfolio of high-value private, public and hybrid cloud offerings, as well as software-as-a-service business solutions,” said Erich Clementi , Senior Vice President, IBM Global Technology Services.

IBM says the acquisition will make it easier and faster for clients around the world as now they will get the power of two i.e. the speed and simplicity of SoftLayer’s public cloud services with the enterprise grade reliability, security and openness of the IBM SmartCloud portfolio.

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