IBM Closes Acquisition of SoftLayer Technologies
IBM recently announced 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 acquire SoftLayer. Financial terms 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.
“Cloud computing provides a profound and transformative change in business and government,” said Comfort at IBM. "With SoftLayer in IBM’s portfolio, it will be easier and faster for organizations to adopt game-changing cloud services.”
SoftLayer will enable IBM to deliver an industry first: marrying the security, privacy and reliability of private clouds with the economy and speed of a public cloud. SoftLayer offers a breakthrough capability that provides a cloud "on ramp" for born-on-the-web companies, government and the Fortune 500.
Please read the entire press release here