(Bloomberg) -- International Business Machines Corp. plans to invest $1.2 billion to expand its cloud services, bolstering a business it’s counting on for growth after spending $2 billion last year to acquire SoftLayer Technologies Inc.
The company, the world’s largest provider of technology services, plans to add 15 new data centers worldwide by the end of 2014, said Lance Crosby, chief executive officer of SoftLayer. IBM is winding down its separate SmartCloud Enterprise product as early as the first quarter of this year, except for a premium service that will be offered along with SoftLayer’s, he said in an interview.
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