IBM Finalizes SoftLayer Purchase and 2 Other Dow Movers To Watch
International Business Machines Corp. (NYSE: IBM): Current price $194.88
IBM announced the completion of its purchase of the privately-held computing infrastructure firm SoftLayer Technologies on Monday. On June 4, IBM reported it would acquire SoftLayer, with financials not disclosed. SoftLayer now joins IBM’s new cloud services arm, which combines it with IBM SmartCloud into a world platform. The new unit will be led by General Manager James Comfort and will provide a wide array of choices to both IBM and SoftLayer clients, ISVs, and channel and tech partners.