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IBM Investing $1 Billion in Data Centers

Friday, 10 Sep 2010 03:52 PM

IBM said it was to invest $1 billion to build and expand data centres around the world as as part of a wider effort to boost revenue from emerging markets.

IBM, the world's largest IT services company, wants emerging markets to make up a quarter of its revenue by 2015 and has announced a string of new investments in places such as Egypt, Argentina and China.

"This $1 billion plus multi-year campaign is twofold — improve the design and technology used in client data centers and expand geographic reach," IBM said on Friday when opening a new centre in Wroclaw, southwestern Poland.

IBM has been moving steadily away from its hardware business, expanding its services arm, including providing technology outsourcing, automation and support.

The company did not provide a timeframe for the investment target.

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IBM said it was to invest $1 billion to build and expand data centres around the world as as part of a wider effort to boost revenue from emerging markets. IBM, the world's largest IT services company, wants emerging markets to make up a quarter of its revenue by 2015 and...
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Friday, 10 Sep 2010 03:52 PM
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