TECH NEWS: IBM Acquires SoftLayer cloud computing

Tuesday, June 4, 2013

IBM Acquires SoftLayer cloud computing

IBM Acquires SoftLayer cloud computing



IBM SoftLayer IBM Acquires SoftLayer cloud computing
IBM acquired the giant with SoftLayer cloud computing services in a deal that did not disclose the value.
The company SoftLayer discussing with the banks put up for public subscription in the stock market, but then embarked about it and had to search for opportunities to sell the company.
Reuters had reported last March that both IBM and EMC acquired on the SoftLayer interested in a deal worth nearly $ 2 billion while there are values ​​the company at $ 2.5 billion.
The Rackspace cloud services company revolves around speculation they last alternative may be acquired by IBM, but after the announcement of the acquisition SoftLayer Rackspace shares fell more than 2%.
SoftLayer company owns more than 21 thousand customer uses its cloud computing services run by the 13 distributed data center in America, Asia and Europe.
The cloud services and one of the most important areas of work IBM as the company grew revenues from this sector of 80% in the past year and the company expects to achieve total returns of up to $ 7 billion by 2015.