International Business Machines Corp. (IBM) said Tuesday that it has agreed to buy SoftLayer Technologies, Inc., the world's largest privately held cloud computing infrastructure provider.
Financial terms of the deal were not disclosed.
IBM said the acquisition will strengthen its leadership position in cloud computing and will help speed business adoption of public and private cloud solutions.
SoftLayer accelerates IBM's ability to integrate public and private clouds for its clients, with flexibility that provides deployment options that enable a faster, broader transformation for small, medium and large businesses with a range of performance and security models.
Headquartered in Dallas, Texas, SoftLayer serves about 21,000 customers with a global cloud infrastructure platform spanning 13 data centers in the U.S., Asia and Europe.
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