IBM to invest over $1.2 billion in cloud services operations

Advertisement
By NDTV Correspondent | Updated: 18 January 2014 13:09 IST
IBM said Friday it plans to invest over $1.2 billion to expand its cloud services operations.

The computing services company announced it will build 15 data centers around the world this year to add to the 12 it already operates and the 13 it recently acquired through its $2 billion 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, D.C., 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.

Advertisement

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

Advertisement

In a statement, IBM said: ""This investment includes a network of data centres designed to bring clients greater flexibility, transparency and control over how they manage their data, run their businesses and deploy their IT operations in the cloud. With this announcement, IBM plans to have data centres in all major geographies and financial centres with plans to expand in the Middle East and Africa in 2015."

Recently, IBM also created a new Watson business group, with hopes to get more revenue from the supercomputer system that beat humans on the television quiz show "Jeopardy". The company said the IBM Watson Group will be headed by Michael Rhodin, who was previously senior vice president of IBM's software solutions group.

Advertisement

Under the Watson Group, IBM will offer the technology, which is delivered over the cloud and can power new consumer and enterprise apps, to businesses and industries as well as to consumers. IBM said it decided to establish the unit because of strong demand for cognitive computing. Watson will be deployed on Softlayer.

(Written with agency inputs)

 

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Further reading: IBM, Internet, cloud, cloud computing
Advertisement

Related Stories

Popular Mobile Brands
  1. Motorola Edge 70 Pro Review: Sleek, Light, and Bright!
  2. Retailer Listing Suggests Garmin's Screenless Fitness Tracker is Coming Soon
  3. GSMA Database Listings Suggest Vivo V80, Vivo S2 Could Launch in China Soon
  4. mAadhaar App to Be Discontinued Soon, UIDAI Pushes New Aadhaar App
  5. TSMC Says Global Chip Market Could Hit This Major Milestone by 2030
  6. Lenovo Legion Y7000X 2026 Key Specifications Teased
  1. Scientists Solve Venus Cloud Puzzle Using Simple Fluid Dynamics
  2. Subnautica 2 Sells 2 Million Copies Within 12 Hours of Early Access Launch
  3. WhatsApp Reportedly Begins Beta Testing View-Once Disappearing Messages Feature on iOS
  4. Honor’s Robot Phone With a Rotating Gimbal Camera Gets an Official Launch Window
  5. THORchain Halts Trading after Suspected $10 Million Exploit
  6. Meta Brings Neural Handwriting on Ray-Ban Display to All Users, Lets Developers Build Third-Party Apps
  7. UIDAI Urges Users to Download New Aadhaar App; mAadhaar App to Be 'Retired' Soon
  8. Samsung Galaxy Z Flip 8 Case Renders Hint at Design and Qi2 Charging Support
  9. Samsung Galaxy M47 With Snapdragon 6 Gen 3 Chipset Reportedly Listed on Geekbench
  10. Vivo V80, Vivo S2 Reportedly Visit GSMA Database, Hinting at Imminent Launch in China
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.