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International Business Machines Corp To Buy Website Hosting Service SoftLayer-Reuters

Tuesday, 4 Jun 2013 09:42am EDT 

Reuters reported that International Business Machines Corp said on June 04, 2013 that it would acquire database Web hosting company SoftLayer Technologies and create a new division for clients interested in cloud services. The financial terms were not disclosed. Dallas-based SoftLayer was founded in 2005 and has become what is says is the privately held website hosting service. The company provides its 25,000 customers, mainly small and medium-sized businesses, with cloud infrastructure. It created a new division called Cloud Services, which will combine SoftLayer and IBM's existing offerings into a global platform. IBM said it expected the deal to close in the third quarter.