IBM to invest $1.2bn in cloud services

2014-01-18 16:01

(Stan Honda, AFP)

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Armonk - IBM plans to invest over $1.2bn to expand its cloud services operations.

The computing services company said on Friday that it will build 15 data centres around the world this year to add to the 12 it already operates and the 13 it recently acquired through its $2bn purchase of cloud computing company SoftLayer last year.

Some of the newest data centres to launch are located in China, Hong Kong, London, Japan, India, Canada, Mexico City, Washington, DC, and Texas.

IBM said it plans to have data centres in all major geographic regions and financial centres with plans to expand in the Middle East and Africa next year.

IBM said the new investments will give its business clients the ability to place and control their data globally.

Software stored and accessed on clouds is increasingly popular with businesses because it lets workers in from any Internet-connected device.

IBM started its cloud business in 2007 and has spent billions on cloud-related acquisitions in recent years.

IBM shares rose 33c to $189.09 in premarket trading about a half hour before the market opening.

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