New York, June 05, 2013 -- Moody's said IBM's announcement that it agreed to buy SoftLayer Technologies Inc., a privately-held cloud computing infrastructure provider, is credit positive because it will strengthen IBM's ability to deliver public and private cloud-based services to large and small enterprise customers. Coupled with its SmartCloud infrastructure portfolio, the acquisition will help IBM achieve its target of $7 billion in cloud revenue by 2015.
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