IBM said Tuesday it is buying SoftLayer Technologies, as the computing giant aims to bolster its cloud computing efforts.
While financial terms of the deal were not disclosed, the Wall Street Journal said the acquisition is worth around $2 billion, citing a person familiar with the deal.
IBM will create a new cloud services division within its Global Services unit that will house SoftLayer as a standalone company. It will act as a junction box between other cloud services the company owns.
Big Blue says the acquisition will help it to beef up its ability to integrate public and … Read more