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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 integrated solutions and products that utilize data, information technology, capability in industries and business processes. Co. has five segments: Cloud and Cognitive Software, which provides a range of software offerings; Global Business Services, which provides consulting, systems integration, application management and business process outsourcing services; Global Technology Services, which provides project services, managed and outsourcing services, cloud-delivered services, and technical and IT support services; Systems, which provides technology and service; and Global Financing, which provides client financing, among others.
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