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08.07.2013 18:10:50

IBM Completes Acquisition Of SoftLayer Technologies

(RTTNews) - International Business Machines Corp. (IBM) said Monday that it has completed the acquisition of SoftLayer Technologies Inc., a privately held cloud computing infrastructure company based in Dallas, Texas.

On June 4, IBM announced that it had entered into a definitive agreement to buy SoftLayer. Financial terms of the deal were not disclosed

SoftLayer joins IBM's new cloud services division, which combines SoftLayer with IBM SmartCloud into a global platform. The new division, led by General Manager James Comfort, will provide a broad range of choices to both IBM and SoftLayer clients, ISVs, and channel and technology partners.

SoftLayer joins the more than a dozen strategic cloud acquisitions IBM has made since 2007 designed to accelerate its cloud initiatives.

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