In an area that has been historically dominated by's (NASDAQ:AMZN) AWS service, IBM (NYSE:IBM) is making a big push to become more competitive. Big Blue recently announced its acquisition of Soft Layer Technologies for an undisclosed amount, although sources suggest that $2 billion is a good estimate. In conjunction with the acquisition, company executives commented that IBM wants to become competitive by offering value-added services, not just cloud storage and access.

In the following video, contributor Doug Ehrman discusses details of the acquisition and what it could mean for IBM in the cloud market.

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