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IBM investing $1.2 billion to expand cloud services

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IBM announced today that it will invest $1.2 billion to expand its cloud computing footprint on a global scale.

IBM plans to build 15 data centers around the world, including China, WashingtonD.C., Hong Kong, London, Japan, India, Canada, Mexico City and Dallas.

The announcement comes just six months after IBM acquired SoftLayer, which currently has 13 global data centers. Speaking to TheStreet.com yesterday, SoftLayer CEO Lance Crosby summed up what this means for IBM’s commitment to cloud computing:

“This is a $1.2 billion investment in cloud. We’re obviously telling the world that IBM is dedicated to the cloud going forward. And by being one of the only players that’s going to have a global footprint and the only player with a global backbone, we believe we’re going to have a distinct, competitive advantage across all enterprises and governments worldwide.”

Here’s a roundup of the media coverage surrounding the announcement. Check back with us throughout the day for updates:

IBM plans big spending for the cloud (New York Times)

 

IBM commits $1.2 billion to Cloud Stack (Wall Street Journal)

IBM pumps $1.2 billion into global cloud data centers (CIO.com)

Cloud computing goes global (Building a Smarter Planet)

IBM to spend $1.2 billion to expand cloud services (Yahoo Finance)

 

IBM commits $1.2bn to cloud data centre expansion (BBC News)

IBM pours $1.2 billion into the cloud (ZDNet)

 

IBM’s latest weapon for the cloud fight: A massive 15 new data centers (VentureBeat)

IBM to invest $1.2 billion to build on SoftLayer cloud services (Bloomberg)

IBM to spend $1.2 billion to expand cloud services (Reuters)

IBM goes all in on cloud (Forbes)

 

IBM plans rapid cloud expansion (Financial Times)

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