IBM to invest $1.2 bn to expand 'cloud'

New York (AFP) - US computing giant IBM mentioned Friday it could become investing $1.2 billion to flourish Internet "cloud" services, by simply checking new information centers round the world."With this announcement, IBM plans to possess data centers in every main geographies as well as monetary centers with plans to flourish within the middle East and Africa inside 2015," the company said, citing estimates that the global cloud market is set to develop to $200 billion through 2020."IBM can be continuing in order to spend funds on substantial growth areas," stated Erich Clementi, senior vice president of IBM global technologies services.IBM for you to invest $1.2 bn to flourish 'cloud' - Yahoo Newsdata centersIBM a 12 months ago lost a big contract with the CIA with regard to cloud computing for you to Amazon, an arrangement reportedly valued at approximately $600 million over 4 years.Fifteen new data centers will most likely be opened to end up being able to bring click the up coming web site page your total IBM network click the particular up coming webpage to become able to 40, the company said."This investment features a network of knowledge centers built to deliver customers greater flexibility, transparency as well as treating the method they manage his or her data, run his or her businesses along with deploy their IT operations inside the cloud," IBM said inside a statement.