US information technology major International Business Machines Corp (NYSE:IBM), or IBM, said it had inked a final accord to acquire domestic cloud computing infrastructure provider SoftLayer Technologies Inc for an undisclosed sum.
The deal, which hinges on the receipt of the requisite regulatory approvals, is seen to be finalised in the third quarter of this year.
Upon closing, SoftLayer will merge with IBM SmartCloud into a global platform as part of a new cloud services division at the buyer, bringing a complementary suite of services to the existing portfolio, IBM said.
The acquisition of SoftLayer, which caters to some 21,000 clients through 13 data centres located in the US, Asia and Europe, is seen to cement IBM’s presence in cloud computing, the company noted. The target is seen to speed up IBM’s ability to integrate public and private clouds for its clients, the buyer added.
International Business Machines Corp (NYSE:IBM) will continue its acquisition streak in an attempt to further enhance its storage system offerings, Bloomberg reported today, quoting Bob Cancilla, IBM’s vice president for storage systems.
Yesterday, the IT major announced it had sealed a definitive deal to buy Texas Memory Systems (TMS), a developer of high-performance flash memory solutions, without revealing the financial terms of the transaction.
Brian Truskowski, IBM’s general manager of Systems Storage and Networking, said TMS’ strategy and solutions fit well with the company’s Smarter Computing approach to IT by assisting clients in achieving better performance and efficiencies at reduced costs.
Cancilla told the news agency that IBM wants to gather various storage system components by acquiring smaller firms in a drive to deliver a more complete solution than its rivals. According to him, the takeover of TMS was “one of the missing pieces”.
Although the company’s solution is much more comprehensive now, IBM is not done with carrying out such transaction, Cancilla added, without giving any details regarding possible future purchases for competitive reasons.
Once the acquisition of TMS is finalised later this year, IBM could start manufacturing an “all-flash array” storage system that does not use hard drives and thus enables faster performance with reduced power consumption, Bloomberg said.