IBM to Acquire Another Cloud Solutions Provider

IBM (NYSE: IBM  ) has signed a definitive agreement to purchase privately held, virtual management provider CSL International, IBM announced today. The acquisition of Israel-based CSL International comes on the heels of yesterday's announcement that IBM had finalized its purchase of cloud infrastructure company SoftLayer Technologies.

According to IBM, CSL International's solutions will be integrated with its existing zEnterprise System, a mainframe platform to help enterprises "reshape the IT experience for their customers." Dallas-based SoftLayer will become a part of IBM's new cloud services division and be offered in conjunction with IBM's SmartCloud product suite. The SoftLayer deal was announced June 4.

Regarding the CSL International deal, Greg Lotko, IBM business line executive, System z, commented, "As clients create smarter computing environments, they are looking for ways to manage IT costs and complexity without sacrificing security or the ability to scale."

James Comfort, cloud services division General Manager for IBM, said of the SoftLayer closing, "With SoftLayer in IBM's portfolio, it will be easier and faster for organizations to adopt game-changing cloud services."

Financial terms were not disclosed for either transaction. The acquisition of CSL is expected to close in the third quarter.

link


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2528800, ~/Articles/ArticleHandler.aspx, 11/26/2014 7:26:21 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement