June 4, 2013 – IBM announced plans to buy out privately held cloud computing infrastructure provider SoftLayer and break out its combined global cloud platform into a new division.

SoftLayer deals in cloud services through dedicated Web hosting, managed services and high-performance computing, as well as its automated CloudLayer platform. The vendor houses more than a dozen data centers, including locations in its home base of Dallas as well as Houston, Seattle, Washington, D.C. and across Asia and Europe. SoftLayer counts 21,000 customers, with recent gains in the gaming industry and releases covering big data hosting. In 2010, SoftLayer merged with fellow Texas server company The Planet Internet Services, bringing along its leader Lance Crosby as CEO. Bloomberg reported that sources close to the deal put IBM's payout for SoftLayer at $2 billion. Hoovers estimates SoftLayer’s recent quarterly revenue at $42.1 million.

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