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Slide #97. IBM — SoftLayer Technologies, Inc.
SoftLayer Technologies, Inc.
IBM (NYSE: IBM) today announced a definitive agreement to acquire SoftLayer Technologies, Inc., the world's largest privately held cloud computing infrastructure provider. The acquisition will strengthen IBM's leadership position in cloud computing and will help speed business adoption of public and private cloud solutions. Financial terms were not disclosed.
International Business Machines provides solutions and products that utilize data, information technology (IT), capability in industries and business processes. Co. has five segments: Cloud and Cognitive Software, which brings together Co.'s software platforms and solutions, enabling it to help clients predict, automate and improve, on a hybrid cloud; Global Business Services, which provides clients consulting, business process and application management services; Global Technology Services, which provides IT infrastructure and platform services; Systems, which provides infrastructure platforms; and Global Financing, which includes financing and remanufacturing and remarketing businesses.
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