IBM Finalizes SoftLayer Purchase and 2 Other Dow Movers To Watch

| + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

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.


More Articles About:

To contact the reporter on this story: To contact the editor responsible for this story:

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business