IBM Boosts Investment in Cloud Services to Attract Customers
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International Business Machines Corp. is expanding its cloud services to lure customers to its SoftLayer Technologies Inc. business, which it’s counting on to help reverse seven quarters of falling sales.
IBM is making it easier for developers to build and adjust applications in the cloud, where information is delivered online instead of stored on local servers, said Danny Sabbah, chief technology officer of IBM’s Next Generation Platform. The Armonk, New York-based company plans to spend more than $1 billion on cloud-software development through 2015, a double-digit percentage increase from the past two years.