April 11, 2011 – IBM announced it is building out its cloud portfolio with IBM SmartCloud, its next-generation, enterprise cloud technologies and services offerings for private, public and hybrid clouds based on IBM hardware, software, services and best practice philosophies.

The demand for cloud computing is exploding as organizations seek to expand the impact of IT to deliver new and innovative services while realizing significant economies of scale. According to IDC, $17 billion was spent on cloud-related technologies, hardware and software in 2009. IDC expects that spending will grow to $45 billion by 2013.

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